If ParkFans owned SEAS, the parks would be 1000x better.....
And bankrupt.
Maybe not bankrupt for the amount of financial wizards that seem to pop up around here...
If ParkFans owned SEAS, the parks would be 1000x better.....
And bankrupt.
Maybe not bankrupt for the amount of financial wizards that seem to pop up around here...
Do I think SeaWorld should get this loan? Most definitely not. The stipulations of the loan relate to maintaining and keeping employees. The money can't go to other important things like animal care or facility maintenance.
And you are right that the money could indirectly help other areas, but that is a slippery slope which I think leans more to breaking the terms of the loan. A dollar is a dollar. If you move $5 to payroll, but then get a $5 loan to over payroll, so you move the original $5 back, you basically just took the loan money and used it for something other than payroll. I'm not certain that they could get away with that, or they very well may be able to get away it. But does that make it right to stretch the terms in such a way? Most definitely not.
I think you missed the point where is said, this is why I personally think they should not get this loan. And then I continued to say that they should have used this loan before furloughing all their employees because it really kind of defeats the purpose of the program to furlough all your employees and then beg for money to keep employees.
Is is also 100% within the bounds of the loan rules that you can have already furloughed your staff and then used the funds to bring them back.
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