At least 30 public companies that received loans under the Paycheck Protection Program say they plan to keep the money, and some are now telling investors to brace for scrutiny.
The Treasury Department, after ruling that businesses with access to other sources of capital weren’t eligible for the forgivable loans, gave public companies until Monday to return the funds. More than 230 had received more than $1 billion as part of the coronavirus rescue package, according to an analysis of public filings through April 27—news that...
Easy, just call the note due and payable immediately. They signed the paperwork, if they ignored the parameters and still took the money the loan is due and payable, not forgiven.
Haw happen than Publics companies having PPP, when was denied to much small Business for earn less than same $amount, or not have good IRS to show? Asking the Banks?
Well, isnt this intriguing! Is it a government contract or is it a strings attached bailout? The first one means EBITDA is good for Q number. The second one... 😬
How is it that 2 layers of cloth, underwear and blue jeans can’t stop a fart. But a handkerchief can stop a deadly virus🤔🤔🤔