Absolutely. I imagine they will have to give the $10 million back. A show that closed before March 12, 2020 is simply not eligible. The only way the application got through the process had to be to lie about some of the answers. Having filled out 3 applications for cpmpanies I am involved with (all approved), I know that any mis-step brings up a flag saying you are not eligible. While their income in the last 3 quarters of 2020 was 0, as opposed to many millions in 2019 - closing without Covid being the reason is a disqualifier. One of the baisc requirements is that your company is in operation on February 29, 2020, which WAITRESS was not.
WAITRESS closed on January 5, 2020, and long before February 29 they had finished payroll, loaded out of the theatre, etc etc.
Sorry Weisslers. $10 million going back to SBA, please. |
