about this episode
Featuring Jason Calacanis (Angel investor, LAUNCH, Inside.com) and Johan Moreno (Inside.com).
Recorded on April 21, 2020.
SHOW NOTES —
2:42 — Electric vehicle startups receive PPP loans
As thousands of small business owners struggle to pay rent and keep their employees on staff, two high-profile electric vehicle startups have applied and received Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA).
Faraday Future received a $9.1 million dollar loan from the program, which is close to the $10 million ceiling allowed by the program. Workhorse Group has also received a $1.4 million loan, which the company will use to cover payroll costs.