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You're partially correct. The PPP program is meant to be at least partially forgiven, but only businesses with under 500 employees qualify for it in the first p
by packetlost 6y ago
You're partially correct. The PPP program is meant to be at least partially forgiven, but only businesses with under 500 employees qualify for it in the first place, and the loan has requirements for which it can be used for [1].
The airline bailout was apparently complex and not all of the info seems to be public [2].
[1]: https://www.paulhastings.com/publications-items/details https://www.paulhastings.com/publications-items/details
/?id=7b8f1b6f-2334-6428-811c-ff00004cbded
[2]: https://www.nytimes.com/2020/04/14/business/coronavirus-airlines-bailout-treasury-department.html https://www.nytimes.com/2020/04/14/business/coronavirus-airl...