Many startups rushed to claim funds from the small-business loan program. Now venture capitalists and startup founders are debating whether they should have.
Some object to companies with potentially millions of dollars in cash or access to rich investors applying for rescue funding from the federal government’s Paycheck Protection
Program, pointing to closed restaurants, hair salons and bars that need the money more. Others, however, argue that many startups genuinely need the money because their businesses...
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