LogFAQs > #941803221

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TopicSome businesses received just $1.00 in COVID relief
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07/07/20 3:40:35 PM
#8:


Lol I mean, they apply for these loans through their bank and they put hard numbers into the calculation. I have heard of some absurdly small loans, and the ones I know of are companies whose payroll is practically nonexistent. And that's the whole point of the PPP loan - to protect payroll.

And I heard today that there's $130 billion left in the plan, so it's not like big companies are getting these loans in favor of small ones. The funding ran out early, but the plan was re-funded.

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