US government refuses to say which small businesses received PPP loans - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The US Government is refusing to say which businesses received over $500 billion in coronavirus bailout loans

Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington.The US government declined to share which small businesses have received loans under the Payroll Protection Program.

Some 438 publicly traded companies have disclosed about $1.38 billion worth of loans in regulatory filings, according to FactSquared, which has been checking thousands of filings. In some cases, large companies returned the money after public backlash forced the Treasury Department to tighten its rules for the program and more closely review applications.

"We believe that that's proprietary information, and in many cases for sole proprietors and small businesses, it is confidential information," Treasury Secretary Steven Mnuchin told lawmakers on Capitol Hill on Wednesday. Usually, the Small Business Administration — which has overseen the PPP — discloses recipients of its loans.

 

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

AbsolutelyOutrageous

Elected by the people

Slush fund of taxpayer's money for friends of the GOP is a state secret! I am outraged!

What wait ..,,, So basically it’s not our business

No worries. Audit can start end of Jan 2021.

The US government didn’t even say which congresspeople used taxpayer money to settle sexual harrasment claims.

I wonder why lmaooooo

BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,

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:

 /  🏆 729. 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.

Inside a $40 million estate on Miami's celebrity-studded Star Island - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Last sold 04/28/2011 for $25,500,000, annual taxes are $460k, overpriced and the payments will kill you before any thief will. BTW there is another house on the island going for $27.9M
Source: BusinessInsider - 🏆 729. / 51 Read more »

Treasury Secretary Mnuchin announced 3 big changes to PPP small business loan program - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Satan couldn't have picked better could he?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The SBA says it's loosening payroll restrictions to allow PPP partial loan forgiveness - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. America soul poisoned with prejudice for people they brought here as slaves cheap labor. Perception of many whites cant see black people in any other way
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mnuchin loosens restrictions on small-business loans to ease forgiveness, but borrowers to remain secretThe treasury secretary told Congress he wants to ease a path to forgiveness for borrowers but won’t release their names.
Source: washingtonpost - 🏆 95. / 72 Read more »