Memorial for the Paycheck Protection Program

Yesterday was Memorial Day and also the final application deadline for the Paycheck Protection Program (PPP) loans (actually grants, since they don’t have to be paid back). Small business owners who relied on this deadline and focused on completing income taxes, complying with various local COVID-19 restrictions, trying to hire staff, and serving customers, however, were denied loans due to funding having run out on May 5 (source with some history).

So the most successful enterprises might turn out to be those who were most plugged into and aggressive about claiming government bailouts.

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