New research finds out favoritism one of forgivable government financing: A corporate with a past financing connection with bank develops possibilities of obtaining PPP loans from the 57%
paydayloanstennessee.com/cities/mountain-city/
Regarding the chaotic very early days of one’s COVID-19 pandemic, the Salary Shelter System (PPP) was a beneficial lifeline for the majority troubled people. It given regulators-guaranteed, forgivable loans so you can businesses having less than 500 group to cover payroll, utilities, financial and you may lease costs.
You will find a crazy dashboard for the very first round regarding PPP finance, while the $349 mil finance try exhausted within just 2 weeks. Lees verder