How much will nhra get?

[Bruce Noland]

From the Stimulus Bill that is working it's way through Congress??? Obviously it will be as much as the executives can get, but realistically what could that number be?

[Billy Nees]

I don't know exactly what Congress considers a "Small Business". Larger businesses will qualify for lower-cost loans so I don't know that they're qualified to "get" anything.

[Bruce Noland]

I believe as a not for profit they may be able to get some money. But don't know if that's zero percent loans or direct payments.

[voltdr]

I wonder why that matters............
Dan

[Billy Nees]

Originally Posted by voltdr

I wonder why that matters............
Dan

Curiosity on my part as a "shareholder" (member)!

[Lenny5160]

Originally Posted by Billy Nees

Curiosity on my part as a "shareholder" (member)!

Yeah, might increase our dividend!

[Bruce Noland]

At first it appeared that the nhra would qualify as a small business because it probably has less than 500 employees. But then after visiting the SBA site, I learned that any business that is nationally dominant in its industry does not qualify as a small business. So, back to reading preliminary reports on what the Stimulus bill is likely to cover and found there are tons of special interest provisions (nothing new) included in it's 880 pages. Provisions that deal with non profit and for profit organizations for different types of protection packages. It gets tricky when trying to figure out just what nhra may be entitled to receive, if anything, because it is a not-for-profit corporation. But up to 10 million dollars may be available to nhra if it qualifies for relief. And it appears almost everybody and every type of company qualifies for some sort of help. Some more so than others.

[Bruce Noland]

Originally Posted by Billy Nees

Curiosity on my part as a "shareholder" (member)!

As a "shareholder (member)" of nhra, you have the same status as a member of Sam's Club, according to Linda Louie - nhra attorney.

[Timetraveler]

Is it supposed to be a low interest loan that will be forgiven if the employees are keep on the job?
I think that ship has sailed!

[Lew Silverman]

From what I've been able to read, "Large Corporations" will have their loans managed by the Federal Reserve. Small Businesses have to deal with the Small Business Administration (SBA) which is notoriously slow to act on the loan requests. Should be interesting to see how much "relief" is actually provided. Employees need to come first!