One thing people need to understand is that one of many allowed purposes for PPP loans is to pay your employees. There are many other allowed uses including upgrading your equipment, updating your facility, paying your business mortgage, paying your rent & utilities, worker protection expenditures and many others. Most of these purposes allow forgiveness of that component of the loan (e.g. using it to pay your employees, rent, etc.); a few other uses require that portion of the loan to be paid back.
Making the assumption that all of the PPP loan from a Pizza shop(s) will be used to pay their employees and therefore each should be paid $42,000 per year is just idiotic --- and shows that most people don't even understand the program.
Making the assumption that all of the PPP loan from a Pizza shop(s) will be used to pay their employees and therefore each should be paid $42,000 per year is just idiotic --- and shows that most people don't even understand the program.