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
They were loans, but they had a set of criteria that allowed forgiveness. So if you used it to pay your employees and your suppliers, you were eligible to have them forgiven.
So let’s say that you ask your dad for $10 to buy ice cream. He tells you that if you get an A on my math test this afternoon, then it is forgiven. It’s still a loan, he is just incentivizing you to ace your test because it’s more important than getting paid.
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