Comment by Workaccount2
4 months ago
The company I worked for at the time took a large PPP loan. They never shut down, never sent anyone home, and business that year broke records.
So sure, they used it to pay employees, but they also pocketed what they would have used to pay employees.
Sure and some of this was only obvious in retrospect though. There were companies that would have laid off more people, earlier, for longer. And that wouldn’t have had sales during covid to support the jobs they spent PPP money on.
But also huge fraud which was by design.
A suboptimal but net positive program. What more could you expect from orange man.
My company took the funds and didn't die because of it. 100% went to employees.
That's good to hear.