Paycheck Protection Program Guidance Issued as $321B More Loan Funds Become Available
As Congress approved another $321 billion for the Small Business Administration's Paycheck Protection Program, the Treasury Department issued a Q&A addressing some of the more queried parts of the process. One of the questions is clearly aimed at sharp criticism of companies who disclosed that they received PPP funds but didn't appear to "need" the money and most wouldn't describe as a "small business" — attention which prompted Shake Shack to return the $10 million it received.