How to Make Sense of the PPP Loan Program for VC-Backed Startups
Both Sides of the Table
APRIL 6, 2020
This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application. 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. The goal of the program is in the name?—?payroll
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