The PPP has been an interesting piece of legislation intended to help small businesses stay in business during the pandemic. However, at the same time, unemployment benefits were increased by federal legislation, the CARES Act, to $600 per week (which at this writing, ends July 31st).

1. How unemployment benefits are paid and who bears the cost.

2. What is your opinion of the impact on small business (as defined as a company with 3 or fewer locations and less than 100 total employees)? By the way, this is not any legal or Small Business Administration definition of a small business as companies like Ruth Chris Steak House with over 5,000 employees qualified as a small business because the rules for the PPP were written for each location, not the whole business. As a footnote, Ruth Chris returned their $20 million PPP loan.