COVID-19 government disaster loans saved businesses, but saddled survivors with debt
schizo @ schizo @forum.uncomfortable.business Posts 11Comments 1,437Joined 1 yr. ago
schizo @ schizo @forum.uncomfortable.business
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11
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1,437
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1 yr. ago
This is probably heartless: but if your business was going to to under without massive loans, and you took said loan, well, congrats: the existence of the business which (from the article) can afford to pay it back is only there BECAUSE of the debt.
It's not some boat anchor anyone but the owner undertook, and they did it for a good reason. Does it make your company worth less if you try to sell it? Sure, but how much is a bankrupt and dead company worth, again?
I'm generally NOT a 'the free market will sort it all out' type, but in this case, that feels like the correct thing to let happen.