Why were PPP loans called loans if nobody was expected to pay them back, instead of PPP handouts?

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I am not commenting on whether or not they should have been. I am not interested in tying them back to discussion of any other loans or loan forgiveness.

Why call them loans if they are not?

In: Economics

34 Answers

Anonymous 0 Comments

They were targeted mostly at business owners who tend to vote Republican and don’t accept “handouts” from “big government”. Easily forgiven loans on the other hand…

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