The U.S. launched the Paycheck Protection Program in April 2020 to save jobs and businesses from the worst effects of the pandemic. Today on the show, a post-mortem on the controversial program and whether it fulfilled its objective. Also, we hear from one company that voluntarily paid back its PPP loan — with interest — even though it could have qualified for forgiveness.
An NPR analysis of data released by the Small Business Administration shows the vast majority of Paycheck Protection Program loans have been forgiven, even though the program was rampant with fraud.
