Hunter Biden's art gallery gets $500,000 in China Virus relief.

Gallery selling Hunter's art saw federal COVID loan rise from ...https://www.dailymail.co.uk › news › article-10075917
5 days ago — The art of the COVID deal: Gallery selling Hunter Biden's paintings saw federal COVID-19 loan increased from $150k to $500k after his father J
 
Lionfish said:
a-jpeg.837493


The art of the COVID deal: Gallery selling Hunter Biden's paintings saw federal COVID-19 loan increased from $150k to $500k after his father Joe took office
Click to expand...

Causation is different than correlation.

Temporal occurrence does not necessarily relate to causation.
 
all of the covid loans are loans, not direct payments, much like loans made after hurricanes and tornadoes. this art place got its first loan while fatass traitor trump was president....i guess he was in on it.

from the article- https://nypost.com/2021/10/09/art-gallery-repping-hunter-biden-received-500k-covid-loan/

“I received my PPP loan in April of 2020 when Donald Trump was president, along with countless other galleries which, considering a global pandemic was happening, we had every right to. … Most galleries received this loan,” Berges told The Post in an email. “We were not unique.”

While there is no evidence President Biden helped secure the additional $350,000 loan, a watchdog group found that of the more than 100 galleries in New York City’s 10th congressional district, which includes SoHo, TriBeCa and Chelsea, the Georges Berges Gallery received “by far” the largest SBA disaster loan windfall.

The long-term SBA loans, which carry favorable interest rates of 3.75 percent, can be secured by personal property, but public land records show the gallery used none of its property as collateral.

The SBA approved more than $270 billion COVID disaster relief loans to small businesses in fiscal 2021, which ended last month.

In addition to Biden, the West Broadway gallery, which has an outlet in Berlin, represents 18 other artists.

speaking of rich people getting super huge loans-

Mississippi says it awaits $600K repayment from Brett Favrehttps://www.wtva.com › content › state › Mississippi-sa...
May 12, 2021 — Former NFL quarterback and Mississippi native Brett Favre. The former athlete had previously said he would pay the state after an audit revealed ...

Brett Favre to repay $1.1 million in federal welfare funds after ...https://www.cbsnews.com › news › brett-favre-mississip...
May 7, 2020 — Former NFL quarterback Brett Favre will repay the $1.1 million in federal welfare funds that he received from the state of Mississippi, ...

NF: Brett Favre owes Mississippi $828K, auditor says - Yahoohttps://www.yahoo.com › news › brett-favre-still-owes-...
2 days ago — Brett Favre facing lawsuit if he doesn't repay $828K in Mississippi ... during the early months of the COVID-19 pandemic, Favre offered up a ...

NF: Brett Favre owes Mississippi $828K, auditor says - Yahoo ...https://ph.news.yahoo.com › brett-favre-still-owes-missi...
2 days ago — Brett Favre facing lawsuit if he doesn't repay $828K in Mississippi welfare funds, state auditor says. Jack Baer. Wed, 13 October 2021, 7:42 am ...

Brett Favre hasn't repaid $600K in Mississippi welfare funds a ...https://www.clarionledger.com › news › local › 2021/05/10
May 10, 2021 — Brett Favre was paid $1.1M in welfare money. ... Favre voluntarily repaid the state of Mississippi $500,000 in May 2020 after the state ...
 
The hypocrisy, the same parties that had no problem with Junior meeting with Russians in daddy’s tower, Jared traveling worldwide leveraging daddy’s name for business ventures, Jared openly soliciting international sources to bail out his family slum businesses, and Ivanka suddenly getting Chinese trademarks for her lines the week before daddy meets with Xi Jinping now have issues with Biden’s kid

As I said, the hypocrisy
 
Lionfish said:
Loans were forgiven. Look it up

https://www.investopedia.com/how-to-get-your-covid-19-loan-forgiven-4844034
Click to expand...

Did you read your link?

PPP Loans are forgivable. EIDL are not listed as forgivable and they require that the borrower put up assets to guarantee the loan.

Loan Approval Conditions

The following loan approval conditions reflect some relaxing of traditional EIDL stipulations:4

You can borrow up to $200,000 without a personal guarantee.
First-year tax returns are not required and approval can be based on credit score.
You do not have to prove you could not get credit elsewhere.
Loans of $25,000 or less require no collateral. For loans above $25,000, a general security interest in business assets can be used. You must allow the SBA to review your business tax records.
Click to expand...

The second round of targeted EIDL loans allowed for up to $10,000 to be forgivable if you were in a low income area but the $500,000 under the standard EIDL was not forgivable

As of April 6, 2021, you can apply for an EIDL of up to $500,000 covering 24 months of economic injury to pay expenses such as fixed debt and payroll costs. Some loans processed prior to that date may be eligible for an increase, and the SBA will notify those borrowers.

The interest rate for EIDL loans is 3.75% (2.75% for nonprofits) and the loan term can be for as long as 30 years. The COVID-19 EIDL includes an automatic one-year deferral on repayment, though interest begins to accrue when the loan is disbursed.

If you qualify for and receive a Targeted EIDL Advance, the funds you receive are fully forgivable. The amount you receive will be up to $10,000, depending on the amount,
Click to expand...

So basically, this is a loan from a bank. It is guaranteed by the government but it basically costs the government little unless the borrower defaults.
 
Hoosier Daddy said:
all of the covid loans are loans, not direct payments, much like loans made after hurricanes and tornadoes. this art place got its first loan while fatass traitor trump was president....i guess he was in on it.

from the article- https://nypost.com/2021/10/09/art-gallery-repping-hunter-biden-received-500k-covid-loan/

“I received my PPP loan in April of 2020 when Donald Trump was president, along with countless other galleries which, considering a global pandemic was happening, we had every right to. … Most galleries received this loan,” Berges told The Post in an email. “We were not unique.”

While there is no evidence President Biden helped secure the additional $350,000 loan, a watchdog group found that of the more than 100 galleries in New York City’s 10th congressional district, which includes SoHo, TriBeCa and Chelsea, the Georges Berges Gallery received “by far” the largest SBA disaster loan windfall.

The long-term SBA loans, which carry favorable interest rates of 3.75 percent, can be secured by personal property, but public land records show the gallery used none of its property as collateral.

The SBA approved more than $270 billion COVID disaster relief loans to small businesses in fiscal 2021, which ended last month.

In addition to Biden, the West Broadway gallery, which has an outlet in Berlin, represents 18 other artists.

speaking of rich people getting super huge loans-

Mississippi says it awaits $600K repayment from Brett Favrehttps://www.wtva.com › content › state › Mississippi-sa...
May 12, 2021 — Former NFL quarterback and Mississippi native Brett Favre. The former athlete had previously said he would pay the state after an audit revealed ...

Brett Favre to repay $1.1 million in federal welfare funds after ...https://www.cbsnews.com › news › brett-favre-mississip...
May 7, 2020 — Former NFL quarterback Brett Favre will repay the $1.1 million in federal welfare funds that he received from the state of Mississippi, ...

NF: Brett Favre owes Mississippi $828K, auditor says - Yahoohttps://www.yahoo.com › news › brett-favre-still-owes-...
2 days ago — Brett Favre facing lawsuit if he doesn't repay $828K in Mississippi ... during the early months of the COVID-19 pandemic, Favre offered up a ...

NF: Brett Favre owes Mississippi $828K, auditor says - Yahoo ...https://ph.news.yahoo.com › brett-favre-still-owes-missi...
2 days ago — Brett Favre facing lawsuit if he doesn't repay $828K in Mississippi welfare funds, state auditor says. Jack Baer. Wed, 13 October 2021, 7:42 am ...

Brett Favre hasn't repaid $600K in Mississippi welfare funds a ...https://www.clarionledger.com › news › local › 2021/05/10
May 10, 2021 — Brett Favre was paid $1.1M in welfare money. ... Favre voluntarily repaid the state of Mississippi $500,000 in May 2020 after the state ...
Click to expand...

yea and he needed 500 g for 2 people right moron
 
Earl said:
Well, no, Nordy...see post no. 51.
Click to expand...

See post no. 51 because the link clearly states that only the PPP is forgivable. The gallery only received about $75,000 in forgivable moneys. The rest of it was an EIDL loan which is NOT forgivable.

But it seems you don't know the first thing about how to read, let alone how loans work.

https://www.investopedia.com/how-to...y-disaster-loan-eidl-and-loan-advance-4802134
The interest rate for EIDL loans is 3.75% (2.75% for nonprofits) and the loan term can be for as long as 30 years.
Click to expand...
There is no provision to forgive the $500,000 EIDL loan. There is only a provision to forgive the $10,000 targeted EIDL loan for low income communities.
 
Jarod said:
Causation is different than correlation.

Temporal occurrence does not necessarily relate to causation.
Click to expand...

Do you really believe that the use of polysyllabic words will excuse your ignorance of Cocaine Hunter and his father, the president, using his government taxpayer paid job, illegally, to become wealthy?

Really, some of the posters on this forum have matriculated and graduated from prestigious universities.
 
Earl said:
Do you really believe that the use of polysyllabic words will excuse your ignorance of Cocaine Hunter and his father, the president, using his government taxpayer paid job, illegally, to become wealthy?

Really, some of the posters on this forum have matriculated and graduated from prestigious universities.
Click to expand...

Do you really believe that repeating unproven lies will convince us?
 
Poor Richard Saunders said:
Did you read your link?

PPP Loans are forgivable. EIDL are not listed as forgivable and they require that the borrower put up assets to guarantee the loan.



The second round of targeted EIDL loans allowed for up to $10,000 to be forgivable if you were in a low income area but the $500,000 under the standard EIDL was not forgivable



So basically, this is a loan from a bank. It is guaranteed by the government but it basically costs the government little unless the borrower defaults.
Click to expand...

No, wrong.

"First-time (First Draw) PPP loans up to $10 million can be completely forgiven.
Second Draw forgivable loans are capped at $2 million.

and:

"The Targeted EIDL Advance program, which is the most restrictive program authorized under the CAA, makes up to $10,000 available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to a lack of available program funding.

I sincerely doubt the the art gallery is in a "low-income community."
 
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