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Showing posts from October, 2023

the economists predictions vary

 The Treasury Department declined to comment on the record for this story.Following messy start, enormous Paycheck Protection Program shows signs of buttressing economyThe issue of whether some undeserving businesses received PPP loans has arisen previously when it became known that scores of publicly traded companies received millions of dollars in loans, even though they had access to other sources of capital. The SBA's initial rules allowed for businesses to self certify that "current economic uncertainty" made the loan "necessary to support the ongoing operations of the applicant."But in late April, after the news broke that many publicly traded companies had received loans, the SBA said firms with access to capital elsewhere were "unlikely" to qualify and asked that the loans be returned. Some returned the money, but many did not (SBA and Treasury officials have declined to say exactly how many did so).How dividend payments might factor into that