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Why These Startups Are Locked Out of $349 Billion in Stimulus @weisul

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The $349 billion Paycheck Protection Program seems to have something for every small business.One notable exception: Venture-backed startups.
To qualify for paycheck protection loans, companies must generally have fewer than 500 employees, so it seems logical that startups qualify. But here’s the rub: some companies are considered affiliates of other entities.  …

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