How to Make Sense of the PPP Loan Program for VC-Backed Startups
Both Sides of the Table
APRIL 6, 2020
You need to: study the rules, make sure that you don’t violate the “affiliate rule” (more later), consult with your Company Counsel, consult with your board and investors and then make your own determination. If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs.
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