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#92 Who Did the PPP Actually Save?

The Pitch

CHAPTER

The Effect of the PPP on a Startup

Lolly Beauty founder Tina Hedges had to lay off all of her employees except for one. She got a $42,000 PPP loan and used it to convert two contractors to full-time employees. The company is still struggling now but the money has helped in the short term. Coming up: How getting a PPP loan can actually help you raise your next round.

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