Hmm a way to use PPP to build capital is to hire employees but have them make capital equipment for you. Loan forgiven so you get free capex. Convert labor into capital. What’s the activity with the highest capital-value-addition to labor cost ration? Ikea kit-robots?
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Replying to @theartlav
No, a very cheap loan that becomes an outright grant if you don’t lay-off. It’s not 1% vs 0%, it’s 1% vs free money. The catch is, you’re just passing through to employees and not able to build up capital assets with it like equipment.
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