Some people are confused that they have not applied for the company name announcement using the corona countermeasure support system for SMEs

As a measure to secure employment in Corona, the United States Small and Medium Business Administration has a loan program called 'Paycheck Protection Program' (PPP loan) on condition that 'not dismissing employees', and some of the companies using it. Although it was announced, companies in the list are confusing that they are listed even though they have not applied.

SBA and Treasury Announce Release of Paycheck Protection Program Loan Data | The US Small Business Administration | SBA.gov

The PPP loan data is out, but companies say it's a mess-Protocol
https://www.protocol.com/ppp-loan-data-tech-companies

PPP loans to tech start-ups: Bird, Mixpanel, Grindr on the list
https://www.cnbc.com/2020/07/06/ppp-loans-to-tech-start-ups-bird-mixpanel-grindr-on-the-list.html

The PPP loan is one of the new coronavirus countermeasures rescue projects conducted by the Ministry of Finance and the Small and Medium Enterprise Agency, and is a program that provides loans to small and medium-sized enterprises on condition that they continue to employ employees. Loans are '$350,000 to $1 million (about 37.6 million yen to about 100 million yen)', '1 million to 2 million dollars (about 100 million to 210 million yen)', '2 million dollars to' Four of 5 million dollars (about 210 million yen to about 540 million yen) and '5 million dollars to 10 million dollars (about 540 million yen to about 1 billion yen)'.

According to CNBC, the main applicants are 'A $350,000 to $1 million' for artificial intelligence venture All Turtles and data platform Splice Machine, and '$1 to $2 million' for automated platform Entelo and Nylas, a communications platform for software developers, '$2-5 million dollars' for e-commerce Massdrop and software company Omnisci, '$5-10 million' for electric vehicle ventures Byton and Canoo, For example, Karma Automotive.

On the other hand, electric scooter maker Bird Rides, who is said to have applied for a loan of $5 million to $10 million on the list, said CEO Travis Vander Zanden 'in consultation with Citibank at an early stage, I decided not to apply for PPP.'

Bird spoke with Citi early on, but decided not to apply for PPP b/c the money was more deserved by small and local businesses.Citi will confirm this.Not sure how we made the PPP list, but we're investigating.https : //t.co/81HUJLKy4o

— Travis VanderZanden (@travisv) July 6, 2020

Bird Rides was dismissed for 400 people in April 2020, and was accused of suspicion because the condition of 'keeping employees' employment' was not observed. According to the Small and Medium Business Administration, Bird Rides has 'applied for PPP to protect the employment of 341 people', and it means that they received a loan for a false application, but Bird Rides explained If so, you're not sure why you're on the list.

Other than Bird Rides, Andreessen Horowitz, Foundation Capital, Index Ventures, etc., who are supposed to have received a loan of '$350,000 to $1 million', according to the news site Protocol, are 'not applying' or ' Although I applied, but did not receive a loan,' it is included in the list.

The list also includes the Wikimedia Foundation, which is known as the operator of the online encyclopedia Wikipedia, but according to the Foundation's explanation, although it was approved by PPP, it was eventually unnecessary, so it is actually He didn't borrow.

Zocdoc, a medical care venture company, actually received a loan after receiving PPP approval, but said the loan had already been repaid as the business picked up. However, the status is not borrowed from the list, and the status remains borrowed.