{"title":"借款人注意:PPP贷款可能提供生命线，也可能提供责任","authors":"S. Block","doi":"10.2139/ssrn.3605986","DOIUrl":null,"url":null,"abstract":"The article is a review of the Paycheck Protection Program (“PPP”), an initiative under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The program was meant as a lifeline for small businesses by offering forgivable loans. However, recent reports have indicated that billions went to large public companies. In the article I examine the pitfalls of the program such as its ambiguous guidelines.","PeriodicalId":286175,"journal":{"name":"PSN: Responses to Financial Crises (Development) (Topic)","volume":"57 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Borrowers Beware: PPP Loans May Provide a Lifeline or Liability\",\"authors\":\"S. Block\",\"doi\":\"10.2139/ssrn.3605986\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The article is a review of the Paycheck Protection Program (“PPP”), an initiative under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The program was meant as a lifeline for small businesses by offering forgivable loans. However, recent reports have indicated that billions went to large public companies. In the article I examine the pitfalls of the program such as its ambiguous guidelines.\",\"PeriodicalId\":286175,\"journal\":{\"name\":\"PSN: Responses to Financial Crises (Development) (Topic)\",\"volume\":\"57 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-05-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"PSN: Responses to Financial Crises (Development) (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3605986\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"PSN: Responses to Financial Crises (Development) (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3605986","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Borrowers Beware: PPP Loans May Provide a Lifeline or Liability
The article is a review of the Paycheck Protection Program (“PPP”), an initiative under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The program was meant as a lifeline for small businesses by offering forgivable loans. However, recent reports have indicated that billions went to large public companies. In the article I examine the pitfalls of the program such as its ambiguous guidelines.
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