article thumbnail

How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. 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. I am not claiming to be the world expert on this. Do I need to rush my application?