I didn't need or apply for a CoViD19 business loan, but I know people who did. A... | Hacker News

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		anonymousiam 7 days ago \| parent \| context \| favorite \| on: A pandemic rescue became a 30-year debt trap I didn't need or apply for a CoViD19 business loan, but I know people who did. As I understand it, the loans are FORGIVABLE, so it was basically free money, with some strings attached. https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fu...

iancmceachern 6 days ago [–]

Why the all caps?

Some of the smaller ones were.

Most of the larger ones were definitely not.

"These loans are not forgivable and must be repaid"

https://www.sba.gov/funding-programs/loans/covid-19-relief-o...

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