From WSJopinion: The PPP was designed to help small businesses bridge short-term shutdowns. It isn’t suited to long-term suspensions, writes SenRonJohnson.
Without dispute, the Paycheck Protection Program has helped some struggling businesses stay afloat. To date it has provided $511 billion in forgivable loans to millions of distressed businesses and organizations.
But because the application didn’t require an effective demonstration of need, there is also little doubt that a significant number of businesses that weren’t in danger of going under also received these grants.To Read the Full Story
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