EPISODE · Apr 19, 2020 · 57 MIN
The PPP is out of Money — Here's What We Got for $349 billion
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsSmartBooks Genie: https://cloudaccountingpodcast.promo/genieAccountingSuite: https://cloudaccountingpodcast.promo/asuiteBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes03:09 - SBA Paycheck Protection Program Report https://www.sba.gov/document/report--paycheck-protection-program-report - SBA05:14 - Paycheck Protection Program Stats https://pppstats.info/ COVID Loan Tracker https://www.covidloantracker.com 06:17 - According to the JPMorgan Chase Institute, about half of all small businesses have a cash safety net worth less than 15 days. https://institute.jpmorganchase.com/institute/research/small-business/small-business-cash-liquidity-in-25-metro-areas - JPMorgan Chase07:31 - Marco Rubio on Chase, via Twitter https://twitter.com/marcorubio/status/1250122282703433733 - Twitter15:15 - Full interview with Alan Rosen on The Path Forward https://www.youtube.com/watch?v=f6XLyeX8-Mw&feature=share - YouTube19:26 - Finance app use spies with pandemic https://bankinnovation.net/allposts/biz-lines/retail/finance-app-use-spikes-with-pandemic/ - Bank Innovation20:40 - SBA Paycheck Protection Program Report https://www.sba.gov/document/report--paycheck-protection-program-report - SBA28:16 - Chart Shows which States Received the Most PPP Loans https://www.cpapracticeadvisor.com/small-business/news/21134380/chart-shows-which-states-received-the-most-ppp-loans - CPA Practice Advisor29:12 - Millionaire White House economic adviser Larry Kudlow says his WIFE is getting a small-business bailout because she is an artist whose $20,000-a-portrait business is struggling https://www.dailymail.co.uk/news/article-8200647/Larry-Kudlow-says-WIFE-getting-small-business-bailout.html - Daily Mail32:17 - The full episode with Sabrina Parsons, and Michael Ly - Navigating the SBA Paycheck Protection Program https://www.cloudaccountingpodcast.com/16836:42 - Get My Payment – IRS stimulus-tracking tool https://www.irs.gov/coronavirus/get-my-payment - IRS.gov 41:29 - More on Accounting Firm Layoffs at Going Concern https://goingconcern.com/category/firm-watch/42:04 - Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm - Federal Reserve42:27 - Correction from Ep. 169: It was Bird, not Lime! Sorry! "It Felt Like a Black Mirror Episode' The Inside Account of How Bird Laid off 406 People in Two Minutes via a Zoom Webinar" https://dot.la/bird-layoffs-meeting-story-2645612465.html - dot.LA43:01 - 8 Signs You are Going to be Laid off https://www.podbean.com/media/share/dir-tsq43-89a5438?utm_campaign=w_share_ep&utm_medium=dlink&utm_source=w_share - PodBean44:19 Microsoft announces Money in Excel powered by Plaid https://blog.plaid.com/microsoft-announcement/ - Plaid44:35 - Tiller Money https://www.tillerhq.com/how-tiller-works/48:09 What if No one Pays Rent? https://www.npr.org/2020/04/08/830237502/episode-989-what-if-no-one-pays-rent - NPR55:03 David's List of Top 10 Cloud Accounting Podcast Episodes https://www.podchaser.com/lists/top-10-cloud-accounting-podcast-episodes-of-2019-107a4PkuTm - Podchaser Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040.Reviews4GoodRight now, when you visit us on Podchaser, and interact, Podchaser is donating 25 cents per review - and 25 cents every time we respond to a review - to the Meals on Wheels America COVID-19 Response Fund. Pay us a visit on Podchaser, and do some good at the same time! EXTENDED to April 30! For more information, go here: https://www.podchaser.com/articles/community/reviews-for-charity Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastC...
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What this episode covers
On Thursday the U.S. Treasury announced that the SBA's Paycheck Protection Program had run out of money. Now Republicans and Democrats are squabbling about whether or not to add more money to the pot. But perhaps first we should ask, what did the first $349 billion get us, anyway? Then, we dive into the what-ifs, and discuss better ways to spend trillions of dollars on our country. Plus, we find some other things to talk about, like the latest accounting firm layoffs, some new news from Plaid, Tiller Money, and more!
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The PPP is out of Money — Here's What We Got for $349 billion
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