Some U.S. companies will keep small business loans, defying backlash

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Several publicly listed companies worth hundreds of millions of dollars said on Friday they had no plans to return funding they received under a U.S. government program providing emergency loans to small businesses, even though some of their peers have started to do so.

), a maker of screen protectors for mobile devices with a market value of just shy of $100 million, told Reuters on Friday they took the loans because they needed them and planned to keep them.

“COVID-19 has created operating complexities many never imagined. From sourcing material, to guarding our staff’s health and maintaining high quality production standards,” MiMedx said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

List them so we can unstan

Kk list when known, thx

Hope the consequences are harsh and they are named.

🧐 “MiMedx Group Inc ( Digimarc Corp (DMRC.O), ... ZAGG Inc (ZAGG.O) told Reuters on Friday they took the loans because they needed them and planned to keep them.”

Gee... shock shock fucking surprise.

Business that keep the money for small business are just whores, they should be boycotted and ran out of town

SHAME ...MiMedx Group Inc (Digimarc Corp (DMRC.O), and ZAGG Inc (ZAGG.O).....shame !!!!!

SHAME THEM

Government fucks things up all the time, yet people out there wanting Government to run every aspect of our lives... GTFO!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

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

SBA warns big companies on seeking small business loans after backlashThe guidance doesn't change the formal rules of the program and wouldn't necessarily stop large companies from continuing to seek the aid. Shouldn't there be built-in protections for actual small businesses in the application process? After they already had their share of the huge stimulus scam phew...we need those coronavirus emails released ASAP . I don't like big companies applying for this also but it is not their fault. If you are too stupid to write legislation that goes to the people who need it you get what you deserve. To blame this is disingenuous to say the least but you are to blame not them.
Source: politico - 🏆 381. / 59 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 »

Facing furor, Ruth's Chris high-end steak chain returns $20M small-business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses. Good This just in! RUTH'S RISKS WRATH, RETURNS RESCUE RICHES!
Source: YahooNews - 🏆 380. / 59 Read more »

Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses. But how are they even able to get it in the first place? This is a shocking waste of funds! Who can we shame next? Potbelly sammiches is 'on the clock'
Source: NBCNews - 🏆 10. / 86 Read more »

Facing furor, Ruth’s Chris high-end steak chain returns $20 million small business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses. when there is Free money' the greedy rich are always first in line with their hands out Awe man, they're gonna have to sell like 7 steaks to make that up. Well done!
Source: NBCNews - 🏆 10. / 86 Read more »