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It’s clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Congress and the Trump administration have not yet agreed on a plan for distributing the unused $130 billion remaining in the program.
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven’t been clear about their eligibility. Others have been trying since the beginning.
Because loan amounts were based on how much companies pay their employees, lower-income workers got less money.
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
The program’s helping them attract new customers and bring in revenue during the downturn.
If you want to answer the second question, you’ve got to ‘disaggregate’ the data.
Terence Dickson isn’t opening for outdoor dining at Terra Cafe just yet, even if it might cost him some business.
One change: Businesses will have more time to spend their loans and still qualify for forgiveness.
“Going back to normal would be disastrous for Black Americans,” says Andre M. Perry of the Brookings Institution.