Note from Tim: as a reminder, I put together a spreadsheet of Palo Alto firms that got over $150,000 in PPP loans. Check it out here. If you don’t have an AirTable account, it’ll ask you to sign up for free.
I had noted a few months ago that many of these firms getting the PPP loans were not ‘in the spirit’ of the program.
Without any real ‘oversight’ the compliance part of these loans seems – – – questionable — on some. I am not sure how it all really works, but the American public likely believes these funds should have gone to the ‘small business’, with waiters, waitresses, or bartenders who obviously couldn’t work. This was the spirit of the PPP program.
And, there are others – the people at the gyms and yoga studios. At the nail salon and corner barber shops. There are many, many businesses, and it seems everyone has a hardship story.
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