When the federal government passed the PPP, the forgivable loans were intended to be a lifeline for struggling small and midsize businesses. But plenty of bigger, well-connected fish quickly realized they could capitalize, too, and their familiarity with banks and complex paperwork gave them an advantage to securing these loans that mom-and-pop shops lacked.
💰 Big Loans for BigLaw
💰 Big Loans for BigLaw
💰 Big Loans for BigLaw
When the federal government passed the PPP, the forgivable loans were intended to be a lifeline for struggling small and midsize businesses. But plenty of bigger, well-connected fish quickly realized they could capitalize, too, and their familiarity with banks and complex paperwork gave them an advantage to securing these loans that mom-and-pop shops lacked.