New research finds out favoritism one of forgivable authorities loans: A business having a past financing connection with financial increases opportunities of having PPP finance by the 57%
Throughout the chaotic very early months of the COVID-19 pandemic, the new Paycheck Coverage System (PPP) are good lifeline for the majority of battling organizations. It provided government-secured, forgivable bank loans in order to enterprises which have lower than five hundred team so you’re able to security payroll, resources, home loan and you can book costs.
There clearly was a mad dash towards the first round from PPP funds, therefore the $349 billion finance is actually depleted in under 2 weeks.ادامه خواندن