All the Fashion Companies That Got PPP Loans

The fashion industry has been struggling through the coronavirus pandemic and the effects it’s had not only on shopping but manufacturing. But some were among the lucky companies that got forgivable loans from the federal government.

In order for any loan to be forgivable under the government guidelines, companies have to keep workers employed at whatever level they were before the pandemic and use the money for current operating costs. But it’s unclear how exactly the government intends to monitor the companies for compliance or go about getting money back if a company is found to have misused a loan.

Here is a comprehensive list of fashion, retail and beauty companies that received money from the government PPP loan program, along with the number of jobs they claimed were saved and the bank used for the loan process:– Alice & Olivia Loan Amount: $5 million to $10 million Jobs saved: 400 Bank: HSBC Bank– Anine Bing Corp.

Interesting...

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