Questions remain about Paycheck Protection Program

Questions remain about Paycheck Protection Program

May 11, 2020


Co-author, Vegas Inc., May 11, 2020

In recent weeks, the $659 billion Paycheck Protection Program has come under political fire. The program began accepting loan applications April 3 and quickly ran out of money. Congress replenished the fund at the same time news broke that several large and/or well-known companies had received multimillion-dollar loans under the program, including Ruth’s Chris Steak House and the Los Angeles Lakers. These companies, along with many others, have since returned the money.

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