Quote:
Originally Posted by RickFLM4
They were not forgiven out of nowhere. They were designed like that from Day 1. You are confusing PPP loans with EIDL loans. EIDL loans are being repaid and have not been forgiven.
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Both... PPP loans were forgiven AS long as 60% of spend went toward payroll... so as long as no one was laid off and you kept employees on the roster you got $... except here is the deal - you didn't have to show any financial hardship... so even if your business broke records during Covid, you got free money and you are correct, it was designed exactly that way... the rest is an extra paycheck to the owner... and people are shocked by inflation lol.