Many tech startups are successfully applying for loans under the Paycheck Protection Program, often to extend their runways despite already raising large sums (New York Times)

New York Times:
Many tech startups are successfully applying for loans under the Paycheck Protection Program, often to extend their runways despite already raising large sums  —  Some young companies have turned to the government loans not for day-to-day survival but simply to buy useful time.

via Techmeme