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).