Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid

A dancer sanitizes the pole before performing on the outside patio at Cheerleaders Gentlemen's Club in Gloucester City, New Jersey, U.S. July 17, 2020. REUTERS/Rachel Wisniewski

Will the SBA allow clubs that have not won a court order to participate? And for those that received loans, either through court order or from banks that apparently took a broad interpretation of the law, will the government forgive the loans, as it does for other borrowers? An SBA representative did not directly respond to questions about the discrepancies surrounding the loans.

His bank in Philadelphia denied the loan, citing SBA rules. When Meehan applied in Pittsburgh with PNC Bank for a different club, though, he was approved for a loan of between $150,000 and $350,000.A spokeswoman for PNC declined to comment on specific loans, but said the bank sought to process all applications in accordance with SBA guidelines.

“Although it’s not clear that the 7 program’s eligibility rules apply to PPP loans, companies that do not satisfy these rules could be sued, as could their lenders,” said Scott Pearson, a partner with Manatt, Phelps & Phillips LLP in Los Angeles. A representative of RCI declined to comment. A spokesman for lender Hancock Whitney Corp, which according to government data approved a loan to RCI Entertainment Inc in New Orleans, told Reuters the firm “followed all of the guidance that was provided by the SBA, which changed frequently as the program was being rolled out.”

Strip clubs are at least as reputable as banks.

maybe worry about taxpayer $$ giveaways to JaVanka connected not-so-small businesses.

Kudos to whatever reporter who pitched their boss on the idea of reporting on the impact to strip clubs from COVID-19. They got Reuters to pay them to go to strip clubs. That's some next level thinking right there.

Is this your best stock photo choice for a strib club?

Save hoes! Save hoes!

They doing onlyfans now

I read lingerie

Talk about a non essential business...

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