Paycheck Protection Program data released by Small Business Administration after lawsuit shows largest borrowers – The Washington Post

Paycheck Protection Program data released by Small Business Administration after lawsuit shows largest borrowers – The Washington Post

No surprise here. The definition of small business was allowed to be defined at the location level for large chains. Hence as long as a chain didn’t employ more than 500 at a restaurant, each location  was deemed a small business.

And for many, the PPP became a creative game of managing payroll to maximize forgiveness (as opposed to truly maximising jobs).

https://www-washingtonpost-com.cdn.ampproject.org/c/s/www.washingtonpost.com/business/2020/12/01/ppp-sba-data/?outputType=amp

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