What was a major reason for the rush to apply for PPP loans?
Questions Surround The SBA's Rules For PPP Loan Forgiveness

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Social Studies
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The loans were interest-free.
There was a limited time offer.
It was a first come, first serve basis.
The loans were only available to large businesses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges businesses face regarding the spending timeline for PPP loans?
The funds must be returned if not used immediately.
The funds can only be used for marketing.
The funds must be spent within eight weeks.
The funds can only be used for new equipment.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the 75% payroll requirement be problematic for some businesses?
It limits the amount that can be spent on rent.
It may not be feasible for businesses that are not open.
It mandates the purchase of new technology.
It requires businesses to hire new employees.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many interim final rules had the SBA issued related to the Paycheck Protection Program by early May?
8
7
6
5
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might be necessary to address differing views on the forgiveness aspect of PPP loans?
Judicial intervention
Legislative action
Public voting
Executive orders
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