Author Archive | david lightfoot

After months of mostly staying home and working from my home office, we took a family vacation during the last week of June and the first couple of days of July. The idea was to fly to Las Vegas and use that as our jumping off point to visit the national parks of Utah. The […]

As we slowly crawl out of the stay-at-home orders and gradually bring the economy back, using the governor’s four-phase plan, we can begin to speculate about how our lives are going to be different. And speculation it is, since the future is uncertain. Let’s think about what we know: The lockdowns have been effective in […]

As of June 12, 2020, the SBA had approved 4,566,440 PPP loans for $512,016,791,046, an average loan size of $112,126 through 5,456 lenders. That is a lot of priming of the economic pump. We’re now at the point of some of the early borrowers applying for forgiveness of their loans, assuming they are electing the […]

The Paycheck Protection Program loans continue to confuse and amuse. I’ve been spending a lot of quality time with the June 1, 2020, Interim Final Rule, as published in the Federal Register. This isn’t the first Interim Final Rule, in fact, there are lots of them. Why don’t they just call them “Interim Rules” until […]

Yes, you’re probably as tired as I am of hearing about PPP loans. But there is news in the last week; lots of news. It seems the loan fairies at the SBA have been busy. And some of the news is good! Necessary I my recent blogs lamented the lack of clarity around the work […]

I usually send a blog about every three-to-four weeks. But this whole Covid thing has gotten me sending weekly blogs. I guess it is the rate of change that makes three-to-four weeks seem like months or years. Maybe we’re living dog years, with a seven-to-one ratio, through this. I don’t know about you, but I’m […]

Payroll Protection Program loans. What a fine mess this has become! Banks Some bankers told me the banks didn’t want to make these loans. The rate is only 1%, there are no personal guarantees, no collateral required and the banks expect high administrative costs and high default rates. For defaults and any portion of the […]

This is my third and final installment of Our World on Hold, my take on the pandemic. In the first installment, two weeks ago, I wrote about my take on our current situation and the fallout from the government response to the pandemic. Last week, I provided my thoughts on the interim period from the […]

This is my second of three installments related to the pandemic. I know everyone is suffering from Covid-19 News Fatigue, but I hope to provide a different take on Our World on Hold. Last week I said that I thought the loosening of the lockdowns and the return to semi-normal would take months, not weeks. […]

With Our World on Hold, it seems that most news and conversation is about the current pandemic. For business people, the questions seem to be: How long will it last? How bad will it be? When will life return to normal? I’m going to be sending out a three-part series with my views on this. […]