Ben Popken

@bpopken ↗

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Last Checked July 24, 2020

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Wed Apr 29 10:07:57 +0000 2020

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Ben Popken @bpopken

But then "On April 23, 2020, the SBA issued new guidance that cast doubt on the ability of public companies to qualify for a Paycheck Protection Program loan. As a result, out of an abundance of caution," Castlight decided to repay the loan to its lender, Silicon Valley Bank. — PolitiTweet.org

Posted April 29, 2020

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Ben Popken @bpopken

(Which are the broad definitions of the CARES Act written by legislators) — PolitiTweet.org

Posted April 29, 2020

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Ben Popken @bpopken

Note the wordsmithing. With "cast doubt" they're saying the new SBA guidance doesn't literally make it clear that public companies don't qualify for PPP. With "abundance of caution" they're saying they're not sure that there actually would be teeth in the warnings. — PolitiTweet.org

Posted April 29, 2020