November 22, 2021 7:32 pm
Connecticut charter schools take advantage of PPP funding, while traditional public schools are left behind
Amid the coronavirus pandemic, charter schools in Connecticut accepted loans from the Small Business Administration Payment Protection Program (PPP). The paycheck protection program is a federal program, implemented during the coronavirus pandemic, that provides loans to small businesses to incentivize them to keep their workers on payroll. They come with low interest rates, two to five years to pay back the loan, and no small business fees. None of these loans were available to traditional public schools, as they are not considered businesses.