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
In order to be forgiven, they had to meet certain requirements, such as making sure they were used to cover payroll. Now the government could have instead retroactively reimbursed businesses for approved expenses. However that would have delayed getting the money out, and many businesses would have gone bankrupt waiting for the check.
Latest Answers