ST Alpha - "Right. I also saw that 70% of PPP loans were under $150,000. So I don't know that the skew was as bad as it's being made out. -- nm" (Reading a Post)

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In response to "psst (million) -- nm" by decline

Right. I also saw that 70% of PPP loans were under $150,000. So I don't know that the skew was as bad as it's being made out. -- nm

Posted by pmb (aka pmb) Apr 21 '20, 08:13

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Responses:

Well, they ran out of money, for one. -- nm - Spawn Apr 21, 08:22 7
- Understood, but that definitely was going to happen. A second round is coming. -- nm - pmb Apr 21, 08:30 6
  - Would rather the 86% get half their money now, half in a month so a bunch of smaller fish would not starve. -- nm - Spawn Apr 21, 08:33 5
    - Who is the 86%? -- nm - pmb Apr 21, 08:46 4
      - $300M. Yeah, should have said the 75. -- nm - Spawn Apr 21, 09:01 3
        
        Sure, but that's .085% of the total. It's not a massive piece. -- nm - pmb Apr 21, 09:08 2
        
        Now I have znu brain. 300B -- nm - Spawn Apr 21, 09:25 1
        
        I think you need a nap. It was $300 million out of $350 billion. -- nm - pmb Apr 21, 09:45

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