3 ms·

Right, caps on owner "compensation", but profits go directly to owner at end of year as a dividend. Or as sibling mentions, as an incremental investment in the

• indymike 4y ago
  > but profits go directly to owner at end of year as a dividend That is not always the case. Sometimes there is no profit to pay a dividend with. In a bad year, like 2020, that is usually the case. > But for the other parts of the economy which kept working, it was absolutely free money. Maybe, but I really think the image presented in a lot of articles like this is PPP was just 100% fat cats getting an extra serving of caviar. It was estimated at the time PPP went into effect that we were at risk of losing 71% of the small business economy, and that it would take eight years for the sector to recover... which would have been devastating to GDP, taxes and so on. The truth is probably between 0 and 71%, and the recovery time could have been less. I suspect PPP will be studied in the future as a starting point for dealing with other massive natural disasters that disrupt the national economy.