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

Originally at application they were loans to be repaid, then it was discussed to make them forgivable if you met certain criteria and required all documentations to be certified by a CPA

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