Op-Ed: Why Simply Adding More Money to PPP Won’t Work

From a finance expert at MIT

“Although it sounds counterintuitive, the extremely generous terms of the existing PPP have actually harmed many firms in need of benefits, by forcing them to compete for funding with the entire US small business sector.” — Daniel Greenwald, assistant professor of finance at the MIT Sloan School of Management.

Read more below.

Here’s Why Adding $310 Billion to the Second Round of PPP Won’t Fix It