Faraday Future gets a $9 million government pandemic loan

Photo by Sean O’Kane / The Verge Electric vehicle startup Faraday Future has obtained a $9,176,800 loan from the Small Business Association’s Paycheck Protection Program (PPP), which was recently launched to help small businesses keep people employed during the COVID-19 pandemic, the company tells The Verge.That’s close to the $10 million maximum allowed in the program, and the loan will be 100 percent forgiven as long as Faraday Future uses it for payroll, interest on mortgag