Small businesses that did receive a PPP loan must now use 75% of the funds for payroll for the next eight weeks or June 30, 2020 (whichever comes first). Unfortunately, this effectively makes companies unemployment agencies funneling money to employees even if the small businesses are not ready to hire them back.
He is responsible for the partner and channel program, in addition to global growth and marketing. Vjay is a prior entrepreneur and company founder, in cloud supply chain software, mobile advertising technology, and renewable energy.
He emphasized that if we are going to help the economy, we need to provide a lot of assistance to the 30 million small businesses in the U.S. which are a large part of the GDP and provide 47% of this country’s employment.
