released by S&P Global Market Intelligence found that 134 publicly traded companies got access to $550.6 million of federal stimulus loans for small business.
Ashford Hospitality Trust claimed the largest PPP loan, of $30.1 million, followed by Meritage Hospitality Group, which claimed $29.1 million. Ruth's Hospitality Group also racked up a large loan, of $20 million. JPMorgan Chase processed $145.9 million worth of PPP loans for publicly traded companies — the most of any bank.
Scroll their names at bottom of tv screen 📺
🐷🐷🐷🐷🐷
Maybe the owners are Ugandans. 😂😂😂😂 The way Western media can brand us as professional corrupt people, now you know, universality
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Treasury gives public companies 2 weeks to give back PPP loans: report - Business InsiderPublicly traded companies have 2 weeks to give back loans intended for small businesses or potentially face 'severe consequences,' Treasury Department reportedly says And the banks will again get 5% commission on that money when they pass it over to the small businesses? Good. Yes..it is totally their fault they got those loans...nothing to do with the process. Cut me a break...you guys need to vet what you’re doing
Source: BusinessInsider - 🏆 729. / 51 Read more »
As others cave, several public companies that took small business loans are not giving back the cashWhile well-known businesses like Ruth's Chris and Shake Shack have announced plans to return PPP loans, several public companies tell us they are not giving back the cash. Interesting that these medium to larger companies could get the relief 💰💰💰 so quickly, while actual small businesses and sole proprietorships flounder in their attempts to get assistance. 🧐 Amazing that these big businesses were competing against us for funding lol. No competition
Source: CNBC - 🏆 12. / 72 Read more »
Several public companies who took small business rescue loans say they are not giving back the cashSix companies contacted by CNBC who took the loans said they had no plans to return the funds. Uhhhhhh Sucker... Why should they, they didn’t break the law or spirit of it.
Source: CNBC - 🏆 12. / 72 Read more »
After Shake Shack controversy, Treasury says public companies should repay loansThe new guidance came as Congress approved another round of funding for small business loans. Was the confusion they thought that if they were SBA qualified because they are just multi-million dollar companies instead of multi-billion dollar companies? Do you think liberals can muster up the courage to go out and support government designated 'non-essential' businesses? Right now it's okay for liberals to shop at virus-free dispensaries, liquor stores, grocery stores, walmart/costco, gas stations, home improvement stores etc. They are getting caught Dorian the swamp my ass
Source: ABC - 🏆 471. / 51 Read more »
After Shake Shack controversy, Treasury says public companies should repay loansThe Treasury Department issued new guidance on Thursday encouraging publicly-traded companies to return their coronavirus stimulus loans by May 7 as Shake Shack and other public companies have faced backlash for receiving funds meant for small businesses. While small business owners struggled to secure
Source: YahooNews - 🏆 380. / 59 Read more »
Public Companies Rush To Repay Paycheck Protection Program Loans Amid Government PressureRuth's Hospitality, DMC Global, Wave Life Scienes and Sweetgreen have said they are returning their emergency small business loan funding. As they should! That money should have gone to SMALL businesses struggling to stay afloat. Let go of your insecurities. Let go of your pain. You are limitless. Nothing is holding you back. Smile. Love. Laugh. Don't forget to live. Ruth’s got caught gaming the system. Done with them.
Source: Forbes - 🏆 394. / 53 Read more »