SF landlord Veritas responds to Pelosi's demand to return $3.6 million small business loan

[Igel]

5. That's the text of the law.

You can use the money for two things:

1. On-going business expenses. In which case it's a loan to be repaid.
2. For continuing to pay employees, in which case you have to document what their pay pre-COVID was and that the money actually went to the employees. Otherwise the money falls under (1).

There is no third option.

Saying they're going to repay the money isn't a virtue above what's required; it's merely compliance with the law. The law is what, all of 8 weeks old? It's already necessary for politicians to use political pressure to compel an ad hoc rewrite?