PPP Loans: Why Some Government Contractors Are Returning the Money - News Summed Up

PPP Loans: Why Some Government Contractors Are Returning the Money


About five million small companies across the country rushed to get government-backed loans this spring amid fears the coronavirus pandemic would destroy their business. Now, many are returning the money with interest—including government contractors that could face the loss of new business, or be forced to take a rate cut on future work, if it is determined they didn’t need the money.


Source: Wall Street Journal August 09, 2020 12:00 UTC



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