The goal was trying to keep employees connected to their employer for full benefits. And to a certain extent it worked, but it was done very quickly. And one of the downsides of that quick action is An awful lot of PPP funds went to business that really are doing quite well, that really didn't need it. I'm literally not blaming those businesses for taking it. The standard was so low, basically certification that because of economic uncertainty, the business thought they really needed these PPP loans for the ongoing operation of their business. (03:10–03:17)
CLAIM
Asserts that many PPP funds went to businesses that did not need them.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
