When the Paycheck Protection Program (PPP) was first announced, a collective sigh of relief went up from small business owners around the country. For the first time since local and state governments ordered them to close or substantially cut back their business, they had some good news. The federal government was making “up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.” Their hopes were soon dashed when the money ran out and people wanted to know why.