Blog, January 2022

PPP Loan Forgiveness Disclosures Reveal Many Dubious Beneficiaries

By Katie Furtado
January 25, 2022
The Paycheck Protection Program (PPP), part of the original federal stimulus package, the CARES Act, was meant to keep workers on the job and small businesses alive during a time of financial uncertainty. But did it work? The answer to that may be unclear, but nearly all the loans - over 80% - have been forgiven anyway.