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Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks

Most notably, they gutted the requirement that borrowers who wanted their loans forgiven maintain their prepandemic head counts. And they reduced the percentage of the loan that borrowers seeking forgiveness […]




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PPP Aid to Small Businesses: How Much Did $500 Billion Help?

Anecdotes like Mr. Geismann’s, however, aren’t straightforward to interpret. Perhaps Schuchart and companies like it would have found another way to make ends meet, or would have rehired workers quickly […]