| You are correct in your assertion. However your conclusion is wrong. First, the waiver got in due to major lobbying by corporations with cash. Second, it is not correct to state that is is appropriate for larger employers to take PPP. Here is why: although at first glance it would make sense to support workers via PPP, the sad reality is that these workers have already been laid off. As such, PPP will turn into a loan. A cheap loan at that, which is basically a cheaper source of capital funds that any public co has. Public co.s can tap the capital market or existing banking relationships to survive. Small biz cannot tap capital markets and banks are not extending credit at this time. For larger orgs, cheap PPP subsidized loans are literally taking precedence over life and death funds for small biz. So institutional investors, PEs, and banks are being bailed out, while mom and pops and their staff are getting destroyed. Laeger orgs already laid off staff. Mom and pops were hoping for PPP.... to keep staff. |