Quote:
Originally Posted by 2000cs
And the reason it was designed that way, and with pretty loose qualification rules, was to get the money out fast so that it would have the most impact. Congress accepted that there would be a lot of “free riders” (to be nice about it), to get speed and save the jobs that were intended. Imagine if the usual bunch of federal rules had been imposed: a new bureaucracy to evaluate applications, etc.
I wasn’t a fan of the PPP but I studied it pretty closely before recommending we not take it at my company.
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So again... it was not a truly evaluated program... just something mismashed... and ur right it had a major impact... we are paying for it now in the form of inflation.