publicly traded companies have two weeks to give back federal relief loansHere is a list of major companies, from Shake Shack to AutoNation, that have already confirmed they're returning the funds.The NBA's Los Angeles Lakers received a $4.6 million loan through the Paycheck Protection Program. While not a public company, the organization confirmed that it returned the funds on April 27.
Los Angeles Lakers forward LeBron James is swarmed by teammates after making several 3-point shots in a row during a game on Feb. 4, 2020.
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Bank of America CEO calls for Congress to 'fully fund' small business loan program: 'Just get the work done'Brian Moynihan said Congress should make sure the small business loan program is fully funded so that every business that qualifies can receive a loan. How about funding other smaller banks for loans instead of just the big 5. Midwest town businesses are dying from lack of help. Bastards. Bailouts should be considered wellfare. A damn bank that's supposed have to enough money to survive instead depends on bailouts. They're going to be even more reckless in the years to follow and Trump is just throwing money at the problem sending us further into debt. All bad... 😂😂😂😂, so he can give the money to big companies
Source: CNBC - 🏆 12. / 72 Read more »
Public companies took far more small business loans than first thought — here's the latest tallyData from FactSquared, a Washington D.C.-based data analytics firm, shows the full extent that public companies successfully navigated emergency funding. Damn, well the trough was open, and nobody was put in the filter gates so of course the biggest crowded out the smaller businesses. Wow... who woulda thought. Only a medical stable genius uses sarcasm while saving his people after 50,000 deaths from a pandemic.
Source: CNBC - 🏆 12. / 72 Read more »