The PPP worked how it was supposed to. That’s the problem.

Posted on AllSides July 13th, 2020
From The Left
Economy and Jobs, coronavirus, Paycheck Protection Program, coronavirus, layoffs, small businesses
ANALYSIS

Months after Congress created the Paycheck Protection Program (PPP) in an attempt to support small businesses during the Covid-19 pandemic, people are still confused, and even angry, over the ambitious, unprecedented experiment.

Take what happened with Mark Fisher Fitness (MFF), an LGBTQ-friendly boutique fitness studio based in New York. Because it got a PPP loan in April, it was able to rehire the 28 employees it laid off in March as the coronavirus crisis set in and its locations shuttered. But for the loan to be forgivable, MFF had to...

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https://www.vox.com/recode/2020/7/13/21320179/ppp-loans-sba-paycheck-protection-program-polling-kanye-west

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