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To add to what some others said, the interest rates are also at a massive 1%, assuming they for some reason do have to pay them back. Seems like even if you di
by Frost1x 6y ago
To add to what some others said, the interest rates are also at a massive 1%, assuming they for some reason do have to pay them back.
Seems like even if you didn't need a PPP loan for staff, there are opportunities to create a scenario where it appears justified you need to loan to cover employees salaries, then divert the previous capital for your labor to an opportunistic expansion while others are scraping by. You got a large loan, with low interest, during a time period many were struggling. Great way to accumulate wealth.