PPP loans
COVID small-business funds
PPP loans were forgivable business loans issued by the U.S. government during the COVID-19 pandemic.
The Paycheck Protection Program aimed to help small businesses retain employees during lockdowns.
Borrowers who maintained payroll could have the loans forgiven entirely: Many restaurants survived on PPP loans.
The program became controversial due to fraud and loans going to wealthy recipients.
- forgivenessReleasing resentment toward offenders
- small businessModest independent commercial venture
- payrollStaff wages collectively
- pandemicGlobal disease outbreak
- stimulusWhat prompts a reaction
pandemic relief · federal aid · economic relief · relief · application · forgivable · free money · funds · borrower · lender · fraud · government · employee · retention · job retention · shutdown · emergency · bank
- pandemiclockdowns, COVID-19, outbreak, epidemic, COVID
- economic stimulusstimulus, stimulus package, stimulus packages, fiscal stimulus, economic relief
- fiscal policybudget deficit, deficit spending, national budget, budget surplus, budget deficits
- government benefitsfood stamps, unemployment insurance, Social Security, disability benefits, public assistance
PPP loansprivate lending
Non-institutional loan arrangements
venture capital · predatory lending · payday loans · personal savings · bootstrapping
PPP loansausterity measures
Policies reducing government spending
budget cuts · fiscal conservatism · market correction · creative destruction · deficit reduction
PPP loansbankruptcy
Legal status when insolvent
mass layoffs · foreclosure · insolvency · Chapter 11 · loan default
loan, loans, loaned, loaning, paychecks, pays, paying, payment, payments