2 ms·
The original PPP was intended to give money to all businesses with employees, to incent them to not lay off workers (it was a loan, repayable if the company red
by dboreham 5y ago
The original PPP was intended to give money to all businesses with employees, to incent them to not lay off workers (it was a loan, repayable if the company reduced their workforce). The second version of the application form added a clause (after media bruhaha) about "potentially being affected by the pandemic", so would exclude some small subset of businesses that could absolutely guarantee that nothing about their future revenue and input costs would change aversely. Any concept of actually having been negatively affected in the past, prior to application came much later.