lukestein’s avatarlukestein’s Twitter Archive—№ 8,095

    1. A key fact from my friend @sammy_rosen and @annacororaton’s new WP on “Public Firm Borrowers of the US PPP.” $1B of the $350B approved went to public firms. ~40% of Compustat firms qualified on the 500 employee threshold, but that wasn’t the only want to qualify! 1/2 @sammy_rosen/1257359612036239360
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  1. …in reply to @lukestein
    In particular, businesses can also qualify with industry-specific employment thresholds sometimes >500. (Some industries also allow firms to qualify on revenue!) The WP finds that industry-level standards let another ~7% of public firms qualify. 2/3 @lukestein/1252620611295170561
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    1. …in reply to @lukestein
      (Businesses can also qualify on a Tangible Net Worth and Net Income standard. I don’t see this in the paper, but have no idea whether it would actually catch any/many more 𝘱𝘶𝘣𝘭𝘪𝘤 firms.) 3/3 @lukestein/1252617313020293120
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