Category: Banking

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 …

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