AP: Publicly traded firms get $300M in small-business loans

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An Associated Press investigation finds at least 75 publicly traded companies, some worth more than $100 million, received $300 million from a relief fund meant to help small businesses through the coronavirus.

walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found.

Eight companies, or their subsidiaries, received the maximum $10 million possible, including a California software company that settled a Securities and Exchange Commission investigation late last year into accounting errors that overstated its revenue. President Donald Trump, asked Monday whether the criteria for who can receive loans should change, said that “we’ll look at individual things and some people will have to return it if we think it’s inappropriate.” He added that the loans are supposed to be awarded, in part, by “what we think is right.”an additional relief package

“We currently have no products on the market and expect that it may be many years, if ever, before we have a product candidate ready for commercialization,” it wrote. News that the $1.6 billion Shake Shack burger empire had received a maximum $10 million loan, disclosed in a filing Friday, ignited public anger. Company executives said late Sunday they would return the money after finding other sources of capital.

“When this crisis hit, we had two business planning cases: 1) substantial layoffs and furloughs or 2) receiving these funds and not impacting our employees,” spokeswoman Audrey Chang wrote in an email. “Lindblad is the very rare travel company that has not imposed any layoffs, furloughs or salary reductions to date.”

Broadwind Energy, a suburban Chicago maker of wind turbines that employs about 520, agreed to pay a $1 million penalty five years ago after the SEC accused it of failing to inform investors that reduced business from two major customers had caused “substantial declines” in its long-term financial prospects. Broadwind, which could not be immediately reached, received $9.5 million from the loan program.

The AP analysis found that about 1 in 4 of the companies, in fact, had warned investors months ago that they or their auditors had significant doubts about their ability to remain viable and meet their financial obligations despite the booming economy at the time. Deschamps said his company followed the same rules and applied like any other, and that its device could help thousands of people in the future. But he also understands why some people might question giving money to publicly traded firms.

Dickinson said he did not believe concerns about how long the company could survive were raised in the application process with its bank.

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IngrahamAngle That is not right, it's very left.

Small business has historically referred to a business that employs 500 or less. The CARES Act redefined small business as employers who employ less than 500 AT ONE LOCATION. Deceitful and Despicable!

Just noticed a popular sub shop just caught on fire. Aren’t they lucky.

boandsunny MAYBE ONE OF TRUMP SCAM

IngrahamAngle And businesses now want cheap immigrants. Staff not being rehired. FYI southern border not closed. Just pretend y have a heart attack get taken to ca hosp then rekeased right into housing

Why is everyone acting so surprised?

WhiteHouse Mr.”I’ll be the oversight” wants you to believe HE will be fair & distribute Congressional relief funds intended for small business “fairly”(throws head back,😂) Republicans only care about power, greed, donors, lying & cheating! VoteBlueToSaveAmerica ForThePeople

Colour me un-fucking-surprised.

i’m shocked

Do any of those publicly traded companies manufacture guillotines?

jaketapper Congress helps this companies.

eileenmcarey Name them!

jaketapper Sad, but not surprising. Right now, despite our woes, we the people, and especially the LOWER + MIDDLE INCOME PEOPLE must stay ALERT, INVOLVED, WISE + STRONG. Knowledge is Power...Poor people have no friends (Proverbs14:20), but Jesus loved you the most. $ is root of all EVIL...

IngrahamAngle Make them return the money WITH INTEREST!

I’m so tired of winning.

Artemis888Infin Well that's some bullshit

Probably start with having my last meal at Ruth Chris’ now.

Put them all in jail.

No, NEVER, really, what a surprise

But will go completely unpunished

jaketapper Many major corporations think only about money, not lives not anything Reminds me of a line from a Schwarzenegger movie 'He kill his own mother for table scraps'

IngrahamAngle Why am I not surprised. This is America today! Trump2020 DrainTheSwamp

jaketapper Terrible, but expected. The big corporations always have their hands out for bailouts.

jaketapper Well, I guess that's how they got successful to begin with. By having a lack of morals, and a surplus of greed.

jowrotethis Let me check my bank account...yep, still $0 from the Gov't in any form of small business assistance. Guess my tax-payin' ass doesn't count.

Oooh, I see. So 'small business owner' is code for 'multi-million company' in legislator rhetoric, eh?

CharlieInUtah Ofcourse the monies are for the unfortunate that need financial help? That’s their answer ?

jaketapper HAIL OUR SOVIET COUNTRY!!!

jaketapper They should be forced to return the money and be fined 5x what they took

jaketapper Hey stevenmnuchin1 where’s my money? Nice oversight! Crooks from the top down!!!

jaketapper And the big banks are in cahoots with POTUS Impeach his fat ass now!

jaketapper Name the damn firms!

jaketapper That’s because realDonaldTrump is corrupt as hell. Why do you think he said HE would be the oversight. This American Girl is pissed as hell!!!!

jaketapper There were definitely errors (loop holes) with the deployment but those CEO's shouldn't have requested funds. Ask them why requested the funds? Another great Gov leadership

jaketapper REPREHENSIBLE

jaketapper Yeah, no. They need to give hart hat shit back. Pay their people and that hit to OpInc and move on

Her, wonder why the program ran outta money so fast-? 🤔

tsnmike This is wrong. They are pocketing the loan which is forgivable. And laughing at us.

jaketapper So this is about .1% of the total amount loaned right? By medicare/medicaid standards this is amazing! They run at an 10 to 12% fraud/waste rate!

jaketapper Not shocking! GOPCorruptionOverCountry

jaketapper Trump will blame it on Biden, Schume, & Pelosi.

jaketapper WHO IS IN CONTROL OF THE MONEY FFS?

jaketapper How the fck did that happen Trump?

jaketapper

Get this money back and give it to small businesses. Set up better guidelines for who is eligible. If money is going to independently owned franchisees, and not the franchiser, okay.

jaketapper If they were granted the money meant for actual small business owners they should repay it.

Veritas1012 Well, every small business better be voting Democrat come election time. If you voted for this man you deserve no money. The republican party has a history of not helping the American citizen. You want to keep believing their lies well... You deserve to go bankrupt. Tuff luck.

jaketapper they should all be outed.

jaketapper Sickening.

jaketapper Surprised ? Really ?

jaketapper Post which companies so we the people can collectively and systematically destroy them.

jaketapper Trump.

IngrahamAngle Everyone of them must return those funds. I want the name publicized on every Fox News program. Name these arrogant elitist.

jaketapper This is what happens when you let the rooster guard the hen house

TobyBerry6325 More from the criminal GOP

jaketapper I’m learning of places I won’t eat or bank at in the future

jaketapper Not just 'recieved'....they had to APPLY FIRST. Classic greed and selfishness--stepping on anyone else in order to 'win'. They are like the cowards of the Titanic with room on the lifeboats for more survivors.

jaketapper Incompetence or corruption? Damning either way. Trump and his team cannot do much right.

jaketapper Rorts no oversight

Such bullshit, I’ll let the employees I have to lay off know who to thank

jaketapper Out of how many billion again?

jaketapper Our great government at work!! Republicans all about big business

jaketapper Totally disgraceful oversight of PPP

jaketapper Travisty! Who wrote the criteria for eligibility. Those companies should have never been able to participate.

jaketapper Why should big companies not get assistance?

jaketapper McConnell is a happy camper. Let the peons suffer !

To the surprise of absolutely not one person. Why else would Trump want 'oversight' duties for himself? He's never overseen a project in his life.

jaketapper hawaii got less than 2 (two) million (with an ‘m’ ) dollars, to Only 6 (six) businesses, in the Entire State! eidl SBAgov

jaketapper Shame

jaketapper Like we didn’t see this coming

jaketapper LET THE MARKETS DECIDE!

jaketapper Wait, you mean government isn’t the most efficient or fair allocater of resources? This is my schocked face.

jaketapper ABSOLUTE SCAM.

jaketapper Oops

Why didn’t youlost all of these companies

IngrahamAngle Rest assured...they will see the light and return $

IngrahamAngle And whose fault is that? The Trump Administration—they were supposed to provide oversight and didn’t.

Why aren’t the banks who approved the loans being censured?

HOUSE INTEL. COMMITTEE MUST INVESTIGATE THIS HEINOUS ACTION IMMEDIATELY!

IngrahamAngle Fire every CEO of those companies

cmpnwtr Name them!

This is supposed to be surprising?!

IngrahamAngle They should be jailed!

IngrahamAngle Nice click bate. Had to spit the hook

The person/reporter who laughed out loud, today in White House briefing, because Treasury Secretary said those who fraudulently obtained the loans will be held accountable is my mood.

Debacle.

I'm so glad to see my son's small business, who knows when it will reopen, had any help he could get volunteered to multi-million dollar corp. by that FREAKING FAT ASS.

Smh

WendellPierce Not even a hint of surprise.

stillngam The robber barons are alive and well under Trump.

And that was no accident.

NoahShachtman 'at least 75 publicly traded companies, some worth more than $100 million, received $300 million from a relief fund meant to help small businesses through the coronavirus' NARRATOR: and nearly all of them did not immediately rush to return the money not intended for them

IngrahamAngle What percentage is $300M of the total package ?

IngrahamAngle Time to turn the tables! Since they cheated, we can too. Make them pay back the loans, with interest!!!

No surprise here .I guess we know who put Linda McMahon there to run SBA and morons from GOP have balls complain no money there and blame Democrats.

IngrahamAngle Maybe Trump should reign in the incompetence and corruption in his administration.

IngrahamAngle Send them a statement requesting a total refund because they are working the system and should be ashamed of themselves.

NoahShachtman Name all the names!

eileenmcarey Harvard University with a $41 BILLION dollar endowment applied for and accepted $9 million dollars. I find this to be the most galling. How many homeless people could that feed?

Who would have ever thought that corruption would ever had come from these loans.

IngrahamAngle Your people Laura

WTF

IngrahamAngle Did they have less than 500 employees? Did you not know banks approved the loans?

NDickerson15 yay 2020, more good news

Getting damn near pitchforks and torches time 🙄

In the Trump era this is the norm... RichPrivilege

IngrahamAngle Return the money!

“Some of them worth more than $100 million”. You know, in the US many small businesses can be worth more than that. Being publicly traded doesn’t necessarily mean it’s a big business. There are clear requirements to apply for PPP, just read them. And $300M is less than 0.1%.

IngrahamAngle Exactly why these serial government bailouts have to stop. There is always corruption and waste. Rather get people back to work now !

This is why democrats insisted on their being oversight. And trump took that oversight away so the corporations could do what they wanted

The Small Business Administration was restaffed by Trump's 'Active' whatever they are and made into the 'Small What? Administration. They Provided a loophole that makes giant publically traded corporations into 'Small Businesses' during this time. Real SB's are screwed.

How does this even take place?

Fedup_Mom Disgraceful! What can congress do to remidy this fiasco!

JBaker31826004 Banks and the SBAgov approved the money. 500 employees is not a small business. The banks still approved the money by their risk calculators. Bigger companies less risk. Not a fair playing field. After all we bailed the banks out in 2008. Same stuff different day.

Herring_NBA ralphbalfe

So much greed.

Hi marcorubio

IngrahamAngle The FED needs to demand this money back, and any of these businesses that refuse to comply, should be identified and ostracized publicly. Everyone now knows this was a clerical error in the drafting of the bill and these companies knew it...

IngrahamAngle Who cares. Everyone was affected. They pay taxes just like everyone else. They deserve money just like we do.

IngrahamAngle Didn’t Trump fire the Inspector General who was going to oversee govt spending of COVID-19 relief funds?

Dubes123 Meanwhile GOPLeader is busy tweeting about Dems holding up the process for trying to prevent shit like that! GreedyRepublicans, GOPCorruption GOPThieves and GOPRobberBarons

Overwhelmingly, the program has worked as designed. It was a gargantuan effort that of course had some snags.

IngrahamAngle If true, this kind of shit happens because ALL politicians are corrupt, they put their demagoguery above their fellow Americans safety/prosperity, these big firms get away with this because ALL politicians ALLOW it to happen, Vote in November and get rid of them 👎

soccerreform I can’t imagine the Federal Government screwing things up?

Republicans will ALWAYS bail out big business, bankers and Wall Street first. If there’s any money left over (doubtful), small businesses might get a few crumbs. But many will already have gone under by that time.

These corporations are disgusting. I’ve worked for a few publicly traded companies, & even IPO’ed with some of them. This demonstrates how our economic system is rigged. Insiders pass info on how to game the stimulus for cash. Greed is more American than apple pie.

“Investigation”

BlueSkySunFree My company, which is small enough to qualify, but actually owned by a bigger group, declined to pursue these loans because per the rules, as a group we *don't* qualify, and as such, employees have been furloughed and layed-off. This is f$ing *infuriating*.

IngrahamAngle Yes Russia wanted Trump to win

They should give that money to those who didn't receive a stimulus package.

Joni_Looking Who da fk is monitoring these requests? Why are big companies getting the small businesses share of the assist? 🤨

Just like everyone knew would happen.... Just like the last bailout. Part of the pandemic response readiness that the next president and Congress need to write in advance, is the terms of future bailouts. Because this will happen again.

IngrahamAngle No wonder we didn’t get it! The banks are processing loans for their customers that pose the greatest loss for them if they go bankrupt. I guess I didn’t owe enough money to my bank to get my application processed. Turned in application on 4-3 but not quick enough?

IngrahamAngle And, every small business owner and everyday working American should call for them to return it. Typical when you fire the IG and have no oversight of $2 trillion

marcuslemonis, did you see this

And here I was, thinking that this was about criticising the Kennedy Center for $25M in funds only to fire their employees.

The pillaging of the American taxpayer continues....

IngrahamAngle They need to return the money plus interest and receive a fine to such a magnitude that is shuts them down forever.

IngrahamAngle That's where the Rep party needs demand those funds back & get them to the sm biz's. Vultures must be punished for that. Regular folks would pay fines and maybe even be jailed...Same standards must apply to them.

IngrahamAngle I don’t see any facts here just opinion what are the companies what banks issued the monies ? What is the source of this information? The banks are accountable for validating and distribution so need the facts we can do our own oversight

If any of those who receive loans and than file bankruptcy, do they have to repay loan? Many of those identified were already facing financial issues before pandemic.

BSkylstad Flimflam scam. I always liked the way that sounds. In the pimp game, you must expect pimps to get paid. Give the people some peanuts, beads, or a drink and they won’t see you reach into their pockets, or they won’t care. Thanks for the $1,200. I paid on my credit cards.

blueruby8 Banks had to be given the parameters! This is BS!

IngrahamAngle Disgusting.

IngrahamAngle You had to know that is where all the money ends up. I'm sure at some point you will probably see we bailed out Disney, Amazon, Walmart, and many other billionaires. Anytime you are throwing away that kind of money, it always goes where it should never go. Follow the money!

IngrahamAngle They shouldn't have even applied...or should have been rejected...but they should definitely give the money back.

Who could have possibly predicted this?

IngrahamAngle that your just a anti whateverism - The coronavirus pandemic is fueling anti-Semitism around the world, and the US is no exception - Jewish Case Open Borders - trafficking in America among worst in world: report- JEWISH CHILD PORN - - net/snuffjews.htm

IngrahamAngle Yes this has indeed happened & those with TRUE small businesses on the so called 'MAIN STS' of small towns, like I live in, r belly up as the funds went dry before they got any of this! this is appalling!

If there's a way to do it, the Fed always finds a way to screw things up - no matter who is in charge.

IngrahamAngle The Trump Administration really fucked that one up. Trump the on the job presidential trainee

IngrahamAngle I knew this would happen with “less than 500 employees” as a parameter. I know of law firms that are open and functioning yet applied for “relief”. So the lawyers still get paid by a grant. Free money for the already solvent, great.

RichEng4ProPick How can we get a list of these firms that don’t need the loans took the loans I wanna make sure I never frequent or use those companies again for anything I need if possible it’s a joke they’re trying to separate the very rich to the very poor and eliminate the middle class

Please give details so we can see how many of these are for franchise owners to pay their workers.

1. Write a bill that allows businesses to abuse the system. 2. Businesses abuse the system. 3. Make shocked Pikachu face.

SpeakerPelosi

IngrahamAngle What a shocker realDonaldTrump is bailing out wall street and main street is getting screwed again The PPE will fail and I will celebrate with glee when Trump fails because these socialist programs ultimately fail. Trump and the GOP are socialists. That's why I hate Trump

So 75 of 1.5M approved recipients?

But of course they did.

Today in “articles that would never be published if a Democrat were president” brought to you proudly by the AP!

I hoped this wouldn’t happen, but not surprised. Nice to read decent old school journalism again.

joshgoodman POTUS realDonaldTrump VP stevenmnuchin1 so what happened to SM Business? R U doing another fiasco as BarackObama did in 2008.... Looks like YOU ARE FOOLING AMERICANS ... 7 month to go ..... the Clock is ticking

That’s some bullshit right there.

IngrahamAngle Ooooh so breathless until you realize that (1) it’s less than 1% of the loans (2) these companies all employ people and (3) all the AP did was pick standard language out of risk factors that any growth stage company puts in their filings.

IngrahamAngle Harvard has a 41 billion in the bank , they got 9 million. Why not mention that?

IngrahamAngle Who wants to bet the wrongful recipients are conveniently ALL democrats?

IngrahamAngle Endless corruption. What a mess.

IngrahamAngle That is unfair to small businesses especially at a time like this. Most small businesses don't have the savings to keep afloat during times like this. Take care of private citizens & small businesses first then corporate America.

This is because those big corporations has CPAs and lawyers on their payroll which can easily process those ridiculously difficult loan documents. The small businesses don't have the resources.

Only in America

IngrahamAngle Because government is never adept enough to keep up with industry. If government had some kind of motivator...but it doesn't. There's no incentive to do a better job (profit) so the job gets done at the lowest standard. Then we look back and wonder why it sucks.

IngrahamAngle That sounds like your GOP IngrahamAngle Who did you think you were voting for? LOL.

IngrahamAngle So wrong...

IngrahamAngle Just Wrong‼ time to make them pay it back...Clean that Deep Swamp🇺🇸🇺🇸

The SBA totally lost control of this rescue package! Go to your local strip mall or small shops down Main Street and see how many real SMALL BUSINESSES got anything...again, this was a bailout for millionaires! Let’s see a total list of companies & the money!

IngrahamAngle Thry are doing it to keep away from snall busibess that need it

IngrahamAngle Airborne Nitrogen Dioxide Plummets Over China -

IngrahamAngle so with all these corporate marx - spouting - you need to walk - so you can save the earth - but they moved all the factorys to china with no regs - and you see the amount of pollution they put out - and the amount illegals put out - what do you think?

IngrahamAngle Nitrogen makes up about 78 percent of the air we breathe and is a major component of foods and fertilizers

IngrahamAngle Phosphorus and nitrogen are key elements to life on Earth. Phosphorus is the second most abundant element in our bodies, found mostly in our bones and teeth. Phosphorus also is found in foods such as soft drinks and baking soda, fertilizers and cleaning products.

IngrahamAngle Well you do realize you were going to allow a corrupt group of scum bags to get their hands on billions of dollars. What did you think was going to happen' lol. This money was always going to go to companies that would funnel back boatloads of it to these dirty politicians. lol.

IngrahamAngle Nitrogen oxides - Nitric oxide (NO) VS Nitrogen dioxide (NO2) -

In fairness 300 million out of 350 billion is fairly low as a percentage so not too bad.

IngrahamAngle I already figured, the people with the fastest lawyers got to the money before those that needed it.

IngrahamAngle our tax dollars at work.

IngrahamAngle The Impact of Nitrogen and Phosphoruson Water Quality -

IngrahamAngle RESEARCHERS DISCOVER HOW NITRIC OXIDE PREVENTS BLOOD VESSEL INFLAMMATION - - Nitric oxide (NO) and nitrogen dioxide (NO2) are the names of two kinds of gases. Together, they are called nitrogen oxides. Nitrogen oxide molecules have nitrogen and oxygen atoms in them. - -

The next round of funding will be disbursed this way too and most Americans won’t even know about it or care. That’s the problem. The amount of Americans that do care and want things changed is not enough to make a difference. It’s unfortunate but true. It will never change.

IngrahamAngle so if you have a city - over run with illegals chitting in your water - given th right to drive - what happens? - Melamine is an organic base chemical most commonly found in the form of white crystals rich in nitrogen - - Airborne Nitrogen Dioxide Plummets Over China - - HOPKINS

IngrahamAngle And Trump stated yesterday that anyone receiving aid that should not have received it will be paying it back. Funny you didn't mention that!

IngrahamAngle If true that’s Bullshit

IngrahamAngle So very sad

When this is over, we as a nation need to put these companies out of business. Only support true local small business

No bias here.......... just the facts

IngrahamAngle Wow!

IngrahamAngle i would hope only previous gross volume and number of current employees be tne only metricks. That said, for a small ( as in common usage small) business owners it is always a shock what US Gov considers a Small Business in its Business Census questions. To us it is Big.

Where's the tea party when you need them

IngrahamAngle You can blame the banks for the PPP inequities. They lined up their favorite clients in the cash grab. You can blame the government for the money that went to Harvard University, The Kennedy Center, PBS, etc...

IngrahamAngle If so, these companies should face fines ten times the amount of what they received

IngrahamAngle I look forward to seeing the real numbers when this is all said and done.

IngrahamAngle You retweet this one minute and slam Pelosi for standing up to McConnell the next. Choose a side FFS.

IngrahamAngle Post a list of all these companies. I need to know who to boycott.

We have foxes guarding the hen house.

IngrahamAngle Appears the AP is conflating SBA loans pre-dating PPP with PPP loans. fakenews

Not to worry, Trump is laser focused on oversight and equity. Thank Goodness.

Anyone ever see the movie Grapes of wrath?

Please release the list! Never support and publicly shame is needed.

Great oversight there folks.

Thank you for following the money.

IngrahamAngle Who's in charge in Washington? Where does the buck stop on this one. Laura?

NBC29 That literally stinks!!! I don’t have that much money coming in, that’s for sure. My small business which is about to close the doors got a big fat ZERO help!!!!! I know, my business doesn’t matter........

mom and pop shops don’t stand a chance with the overwhelming corruption associated with anything trump and co., have their filthy hands in...

IngrahamAngle Sinful! How in the h-ll did that happen?! We are the Worlds Leader! Don’t we have computer programs that oversee our economic databases?! Another embarrassment on the World stage!

BarkyBoogz Don't act like you didn't see this coming

IngrahamAngle republican grift is nothing new but it has reached a new level

IngrahamAngle I have a small business and trying not to close. Paying my employees and overhead in the hope of stimulus money. Applied 3 weeks ago but received ZERO. Bank informed me they have run out of money. Corrupt bureaucracy. Small business on “death bed”.

Congress created Congress created Congress created Congress created Congress created Congress created Congress created Congress created

IngrahamAngle Once again the fucking of the American people continues and it shows in the guise of a stimulus package that goes to the Americas Elite and Wealthy, ask any Joe Blow on the streets and they're still waiting for this fucking joke to happen

IngrahamAngle Stupid! Fine each one of them!

Can't wait for governments to get bailed out so they can hire more police officers to shut down more private businesses

IngrahamAngle Welcome aboard ......theUSS we just got fucked again. Stimulus package doing nothing for the true American working-class person I know they don't even have me in the system so I can get mine, but yet pay my taxes Faithfully since 1976, and still not in the system for stimulus,WTF

IngrahamAngle But isn't the PPP effectively a replacement for unemployment? I think the PPP should simply have more funding. (But Pelosi/Shumer Dems will not allow it to happen, that is the issue, that is shameful)

SouthernPSB Conscience_Abe

Makes me want to 😰🤢🤮

IngrahamAngle They will have to pay it back..fools

IngrahamAngle Wouldnt this be the banks faults

IngrahamAngle

They better return or it’s fraud

This country and gov are. A mess

IngrahamAngle $300 million is less than 1% of $350 billion. Not a bad error ratio. Also, IRS has 100% capability of getting unqualified money back from a publicly traded company. Good job Mnuchin.

IngrahamAngle realDonaldTrump VP BretBaier BillHemmer DonaldJTrumpJr JHoganGidley brithume pdoocy seanhannity TuckerCarlson benshapiro michaeljknowles marthamaccallum TeamCavuto edhenry kilmeade foxnewsalert charliekirk11 newtgingrich RealDeanCain

IngrahamAngle Guess it pays (literally) to have friends at the big banks. This program should have had caps placed on how much a business is worth.

griffyn12 These selfish, greedy bastards just never stop. What amazes me is they never understand this whole experiment will come to an end if people don’t have the money to buy what the corps make/sell. They may be able to escape to some island, but then what? Jeez.

IngrahamAngle When you say 'worth $100 million', thats on paper. Kind of like oil was worth $18 and went negative -40 all in one day. Yeah, I think the guys employing 100's or 1000's are as important as our small businesses. takecareofthemboth

IngrahamAngle realDonaldTrump WhiteHouse is this true? What is being done about this?

IngrahamAngle Fox ghosting its comment pages getting real bad

IngrahamAngle Say it ain’t so..Trump is doing a great job... he said so at least 1000 times a day, and we know he only lies 900 times a day, so it must be true

IngrahamAngle Just one word... WHY?

IngrahamAngle Blame big banks

this is an outrage 😡it was meant for 'small business',😱how could it be possible?

RepThomasMassie warned us and he was torched for warning us. Rich men got richer and mom and pop shops barely holding on are not going to be able to hold on any longer.

IngrahamAngle

IngrahamAngle Neiman's Marcus going Bankrupt is of great concern? Do you know about Margins, Profits Juorno? DUMB TYPEWRITER

IngrahamAngle Last time I checked bigger businesses hire blue collar workers and middle Americans too. Such patriotic citizens don’t care about where the money goes. They all, similarly, care about keeping their jobs. A job is a job irrespective of employer size

IngrahamAngle

IngrahamAngle They will use funds to buy you now

good oversite there donnie. wouldn't expect anything less.

IngrahamAngle I’d have less of an issue if my small business friends got their loans .... but none of them have! Come on realDonaldTrump tedcruz SenatorTimScott - help out the small business owners!! Get this money diverted fairly!

IngrahamAngle Shake Shack gave the money back and others will follow I'm sure. The PR would kill them.

IngrahamAngle This is shameful. Stop the corruption with our money!

IngrahamAngle So you are saying that the other 348 billion was kosher....not a bad hit rate for the federal govt.

IngrahamAngle And alot of disability people waiting for 1200, seriously?disgusting.

Typical GOP tricks.

IngrahamAngle Pennies in the big picture

IngrahamAngle CongressIsCorrupt FireCongress

IngrahamAngle Please make every single one of their names public so we can protest them. Shame on these greedy a holes

IngrahamAngle Lying

IngrahamAngle Whos running ap news these days ? George soros or other big money democrats ?

The big lenders are just as responsible!!

And the fleecing continues with no end in sight.....

You get what you vote for.

Drain the swamp. Yeah, right.

As if oversight was needed...

No IGs so...yeah

Old news. We already know this. Why don’t you guilt shame them intoreturning the money.

This is what happens when there is no oversight. What ShellCorporations is realDonaldTrump getting his Stimulus money through?

So the Democratic Party wrote a terrible bill wow!

Republican’ts help themselves to government aid and then call the working class lazy...what’s new? DonaldTrump GoPocalypse GoPandemic

How about “fixing the wording” on the next bill so crap like this doesn’t happen again. RepDean SenBobCasey

My family's small biz is approved for the ppp loan but cannot get the money until they replenish the money available and even then it sounds like there isnt going to be enough for everyone. These people are the reason we can't get money and they need to be punished.

Wealthy liberal colleges like Harvard who have $40 billion endowments are taking free virus money from the government to the tune of millions of dollars. Can we Shine a media spotlight on them?

joshgoodman Is there anyway to find out when these companies submitted their applications? There are allegations that banks shuffled applications to put big companies ahead of small businesses in the PPP queue so that the banks could get bigger processing fees.

Thank you for the work you do! Please hang in there. We need you.

This Administration is CORRUPT, that's why they don't want oversight. Their cronies must be benefitting from these bailouts!

Well my goodness, and my nasty uninformed unelected senator KLoeffler SenatorLoeffler was blaming Democrats for this situation, while at the same time saying this wasn't a time for partisan politics. Oh, Republican Pretzel, Kelly, you are so bad at this job.

Let’s keep in mind this is .09% of the $350B. Since the tweet doesn’t tell who they are I would be they were part of the restaurant and hotel carve out which was passed by a bipartisan vote. While I agree, they don’t need the money, it is only .09%.

The rich get richer.... Main Street goes bankrupt. The Story of America under Trump

Trump fired the IG so... yeah

Thanks to Pelosi and Schumer, Strange how you left this out

Get the money back

Trump's new 'Trickle-down Socialism'.

Who didn’t see this coming? We all knew exactly who trump was aiming this money at, and it wasn’t the guy in my town with the small business.

rebzsays As profgalloway predicted small businesses are going to get wiped out. This is the story we need to be telling of how corporations and their banks are getting the money while small business are getting nada. Who is keeping receipts on this fiasco

You mean there are companies who took advantage of an opportunity to get free money that they wouldn’t have to pay back?

Communist United States of America 🇺🇸 🇺🇸🇺🇸🇺🇸🇺🇸

Like it or not, these companies qualified & had to be approved by the SBA. No matter what the mainstream, Liberal media says, this was never going to be perfect. I’m sure some funds will be clawed back if mistakes were made.

That’s the SBA’s bad for approving the loans!!!!😡😡💰💰💰

Of course they did. Meantime, the real small businesses--created out of love, time, passion, & good old-fashioned hard work--are shit out of luck. Unless folks want to have no options but the corporate big guys, people need to support authentic SmallBusiness. AustinTX

Glad we are bailing out these corporations again. Maybe they should have planned better for a medical emergency and not bought all that avocado toast.

And then, there is this:

Guarantied Moscow mitch and trump were behind this one. The hell with the average Joe they say.

This is absolutely disgusting.

Why am I NOT surprised! ? This KKKountry is so phuk'n GREEDY! G

Are we supposed to believe you? Fake news has no credibility.

And they look down on the poor when they need help. 🙄 Corporate welfare

These companies have to penalized. It's fraud.

So I'm supposed to believe the Trump administration, champion of the working class and small business, has turned into corporate sugar daddy. Right. This story is phony as a $3 bill. Designed only to destroy Trump. FakeNews LameStreamMedia

Giveitbackbigcorps

This is what happens if you refuse oversight. Thank you GOP

Hedonism_Bot_1

Wtf. Over 85% the money didn’t go to small businesses.

75

So when you see democrats blocking the next relief bill, just know its because of things like this

Americans love corporate socialism. They just hate it for the people

PamelaL51928414 And no one is surprised

rebzsays Meanwhile small businesses get denied

Racingwithbruno As they should

Remember this every time Republicans faux rage over democrats being partisan and delaying relief for our “small businesses”. They truly are irredeemable.

Lawsuits?

Give it back

Gotta serve the real owners of the country first.

So there's where my $1200 check is. Still nothing

When the GOP is involved... regular, hard working Americans get SCREWED. CorruptTrump CorruptGOP coronavirus

Grifters....

All animals are equal, but some animals are more equal than others.

The US is anti small business and it is now more clear than ever. We live in a corporatocracy and are beholden to the corporate over lords. If you aren't rich then you get no money!

What happens when a GOP president administers things. Real small businesses get screwed.

Sickening and corrupt!! This is stunning!

bitfd

Democrats piggyback

Gross.

Trump fires the inspector generals Proclaims “I’ll be the oversight” Who could see this coming

That’s madness.

Good thing trump fired the inspector overseeing it. Brilliant

Is anyone even surprised anymore?

ashermoses exactly what we were talking about today

damn shame; i have a small business in a hubzone area... we ship for the D.O.D and we still haven’t recieved any federal relief. it’s very discouraging for the average business to even operate in America when things like this happen and we’re struggling

It's almost like we needed oversight.

Okay thanks

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AP: Publicly traded firms get $300M in small-business loansCompanies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Actions have consequences! Didnt your parents teach you this yahooNews ?
Source: YahooNews - 🏆 380. / 59 Read more »

AP: Publicly traded firms get $300M in small-business loansFrom AP Morning Wire: • Trump to ‘suspend immigration’ to America. • Large firms get $300M in small-business loans. • Oil prices crater to negative as global demand evaporates. • Seoul: Kim Jong Un handling NK affairs after illness reports. SIGN UP: *deet*deet*deet*deet Breaking news - Kim hits hole-in-one from hospital bed. • Jesus is coming back and many people are unprepared.
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Here are the largest public companies taking payroll loans meant for small businessesThose that have received Paycheck Protection relief designed for small business include publicly traded firms with thousands of employees. I read the whole article and didn't see a list. Stop protecting them and let's see the list. Greedy and just wrong CNBC It's a shame Democrats let that money run out and voted no on the bill to refund it. But, Democrats are Democrats. You get what you pay for it.
Source: CNBC - 🏆 12. / 72 Read more »

AP: Publicly traded firms get $300M in small-business loansFrom AP Morning Wire: • Trump to ‘suspend immigration’ to America. • Large firms get $300M in small-business loans. • Oil prices crater to negative as global demand evaporates. • Seoul: Kim Jong Un handling NK affairs after illness reports. SIGN UP: *deet*deet*deet*deet Breaking news - Kim hits hole-in-one from hospital bed. • Jesus is coming back and many people are unprepared.
Source: AP - 🏆 728. / 51 Read more »