2min chapter

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The PPP Omnibus: Eminent Domain, Fraud, and Fintech

a16z Podcast

CHAPTER

Are We Missing the Smaller Schemes?

More than eighty five per cent of the loans issued were for under one hundred fifty thousand dollars. According to the cases thus far, it's a woman with an etsy store, or a guy who runs an autobody shop. So are we missing the smaller schemes because of the need to actually get this money out quickly? Does it matter? I think you're gong to know once the application or forgiveness start coming through and the bank announces by the bank to go claim money from the s b a from businesses that defaulted.

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