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Jim Vos, the CEO of Aksia, says that alternative asset managers should apply for PPP help only if their management fees have taken a major hit from the economic impacts of the pandemic.
In yet another sign of these pandemic times, the U.S. Congress has passed an act launching a $349 billion emergency loan program — the Paycheck Protection Program (PPP) — that operates through the Small Business Administration. Under the federal program, “most businesses with 500 employees or fewer are eligible for two-year loans with a 1%...
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