Here are the largest public companies taking payroll loans meant for small businesses

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Those that have received Paycheck Protection relief designed for small business include publicly traded firms with thousands of employees.

. Fiesta, which employs more than 10,000 people , received a PPP loan of $10 million, per Morgan Stanley research.and received a combined $300 million in low-interest, taxpayer-backed loans, according to a separate report published by the Associated Press.

Statistics released by the Small Business Administration last week showed that 4,400 of the approved loans exceeded $5 million. The size of the typical loan nationally was $206,000, according to the SBA report released April 16.

 

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They better get funds to actual small business immediately or it will be an absolute incumbent bloodbath in November

I am surprised people are surprised. trump always looks after himself (grants for his hotels in UK) and then his rich buddies. The rest of Americans (decent, hard working and foundation of USA), well USA voted for a known liar and failed businessman, sorry but what did you expect

Uhm, and how much did the Democrats give to their favorite non-profit art institutes like the Kennedy Center? BTW..please make sure it is stressed that they are LOANS not giveaways, unless you are once again trying to further incite the masses.

Again it is a conflict of interest to arrange and handout government stimulus grants to companies that owe the bank money. It also begs the quest as to the fees the banks charged because there are always fees

GOPSocialism Our tax dollars for rich, well connected companies, while SmallBusinesses are left to fail. PPP corruption. GOPCorruption Vote

That’s great, they’ve taken the money away from the mom and pops businesses PPP business Covid_19 accountability TrumpVirus

por2zee my $mnkd

In life there will always be a greedy person and it should not be tolerated especially in the time of crisis. realDonaldTrump Mike_Pence GOP stevenmnuchin1 they took the money they should show where every dime went. 243 million Americans getting kicked out of houses not right

Stop vilifying companies for following the rules, blame should lie with congress or treasury for not writing the law to exclude publicity traded entities.

Greedy ... might as well be called theft

How much did politicians get? In kickbacks?

Вы делаете мою жизнь лучше

Bush Policies but who is really running World Economies? Everybody still nodding silently knowing that Socialism, Capitalism and even Fanatical Iran is run by ancient Israelites re-bred with other races, mostly whites and moslems during & since Andalusian Spain& Crusades. Gamut👍

byKatherineRoss Meanwhile, my small business waits approval for a $14,500 loan.

But Americans got $1,200 which should last them 3 months according to the administration....

That’s why GOP doesn’t want oversight. Blamed the Dems for slowing the passing of the bill.

This surprises no one

Trump wanted No Oversight

These conglomerates are vultures

CNBC We knew these funds would be misappropriated. Here’s the proof.

CNBC How can they let this be written that it's even possible to happen? How can these companies even have the guts to apply & take the money from the little guys that really need it? Where are the morals? I'm so frustrated. Our system is so broken. May God help us.

CNBC After tax cuts for the rich!

CNBC Check their pockets

CNBC I think you forgot harvard and Kennedy center

CNBC How deep and wide is the pork barrel? You all knew that was coming.

CNBC Follow the money. Look for the bribes.

CNBC Trump filling the swamp

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.

CNBC Pair of liars and crooks.

CNBC Pathetic!

CNBC Who's corrupt? The COVIDIOT is corrupt! (As if we didn't know already...)

Greedy and just wrong

I read the whole article and didn't see a list. Stop protecting them and let's see the list.

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Company With Ties To Trump Receives Millions From Small Business Loan ProgramMany businesses have struggled to get any money from the Small Business Administration's Paycheck Protection Program. But a company owned by a prominent family with close ties to President Trump was able to get a $5.5 million loan. What about Harvard? They have a huge surplus and they got 9 million!!! Insane!!! Lmao. npr is an embarrassment Perhaps Congress should rethink the number of employees in businesses who are eligible for loans? And their income?
La source: NPR - 🏆 96. / 63 Lire la suite »

Publicly traded firms get $300 million in small-business rescue loansA relief fund for small businesses amid the coronavirus crisis has wound up helping companies with thousands of employees and past regulatory run-ins. “If it’s called “looting” when poor people steal groceries during a disaster, what’s it called when the Senate tries to smash and grab billions for corporate executives during a pandemic” ~Erin Ryan morninggloria Answer: Mitching GOPCorruption This underscores either Mnuchin's incompetence rolling out the plan or his corruption in planning the distribution of funds. A review of how many were Goldman Sachs clients should be in order. How could anyone approve the bulk of funds going to so few. Recoveries must be demanded See the ancs picture
La source: latimes - 🏆 11. / 82 Lire la suite »

National testing plan a sticking point in reaching small business aid dealCongressional leaders and the White House are inching closer to striking a bipartisan deal that will replenish the depleted small business loan program. where's my mask? So why even wear a mask? How does anyone breath in the face mask.
La source: ABC - 🏆 471. / 51 Lire la suite »