From the town hall, I noticed that they are taking the grants but looking into other options for loans. My father sent me an email from his financial advisor with many bullets of positive news during this time. Bullet # 2 was the fact that corporate CEOs in the US are currently buying their own stock shares at levels not seen since 2009. This indicates that CEOs are confident that their companies will rebound. Dell Technologies CEO Micheal Dell just bought bought $26.3 million of his own stock last week.
That would be one good reason not to take the government loans and perhaps why leadership is looking at other revenue streams to avoid the government loans.