RE: Do DoorDash drivers qualify for PPP?
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But what is the rate of these PPPs? 10%? more?
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You are viewing a single comment's thread:
But what is the rate of these PPPs? 10%? more?
The thing about this SBA PPP loan is it can be forgiven.
If 60% of your loan to cover payroll costs for employees (this includes compensation for owners, partners, etc.). The remaining 40% should be used on other approved costs, such as rent, utilities, and operations costs, etc
So basically everyone going for it (or most of them) are already with the intention of not paying it back? if so... what a mega printing machine of depth... even worse than crypto scams. 😅