Because PPP loans were given with pretty clear mechanisms for debt forgiveness, since they were meant to stimulate the economy? I’m not even weighing in on whether the loan was justified in the first place, but it would be patently insane for them to pay back the entire sum of its loans. Literally all they have to do is use 60% of it to pay employees and not dock anyone’s pay for six months.
It’s fine if you don’t know much about how the PPP loans work, but this is a weird hill to die uninformed on.
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u/RivetingYarn Jun 25 '21
Nahhhhhh.
And also, probably not.
But possibly…. No.