The initial $1k IS a loan but it is forgiven based off of eligibility
If you are found to be ineligible or to have submitted inaccurate information to qualify, you will have to pay back.
This is a lot messier than people realize. It isn’t just a free $1000 if you have been making more during corona than usual (dashing).
I see people saying they listed their trade name as Delivery driver, and their service as business services. So much false information is on these page and it’s a very real liability for individuals.
I’d be nervous about being forced to repay.
They also are clear about how the money can be used. People need to be prepared to prove how the money was utilized.