Our story starts in 2004, a period in ancient times before the launch of Youtube. This is the year I graduated from law school and started what would be my job for the next seven years (in engineering, not law). My starting salary at a small engineering consulting firm was $48,000. The salary negotiation was bizarre. The president of the company asked me what I would like to make. I asked for $42,000 (since I had a job already lined up elsewhere for $36,000). He countered with “does $48,000 work for you?”. I spent about two seconds trying to figure what the trick was before suppressing a smile and responding with “yes, that will be acceptable”. The vice-president’s dumbfounded sideways glance at the president sticks with me even today.
The Paycheck Protection Program is back. Business can apply for loans to keep their workforce employed. Congress approved more than $280 billion in relief funds for this purpose. Remember that not all lenders will be able to process and issue funds. Smaller community based lenders who work with low income communities and minority owned businesses