Many sole proprietorships registered and individuals in my area have these loans. I suspect this was a major contributor to inflation.
For example, a neighbor who owns several franchised restaurants received a few million in PPP loans. But during COVID he also bought a Cirrus Vision Jet. Very suspicious.
The PPP loan program is a borrower self-certified program. Meaning the gov't did absolutely nothing to ensure funds actually went to payroll.
For example, a neighbor who owns several franchised restaurants received a few million in PPP loans. But during COVID he also bought a Cirrus Vision Jet. Very suspicious.
The PPP loan program is a borrower self-certified program. Meaning the gov't did absolutely nothing to ensure funds actually went to payroll.