1 / 2Virus Outbreak LoansIn this April 17, 2020, photo, Zachary Davis poses for a photo at The Penny Ice Creamery in Santa Cruz, Calif.
Eight companies, or their subsidiaries, received the maximum $10 million. The size of the typical loan nationally was $206,000, according to U.S. Small Business Administration statistics. If companies meet benchmarks such as keeping employees on payroll for eight weeks, the SBA will forgive the loans.
Story continuesSince launching April 3, the relief package has faced criticism about slow loan processing, unclear rules and limited funding that left many mom-and-pop businesses without help. “When this crisis hit, we had two business planning cases: 1) substantial layoffs and furloughs or 2) receiving these funds and not impacting our employees,” spokeswoman Audrey Chang wrote in an email. “Lindblad is the very rare travel company that has not imposed any layoffs, furloughs or salary reductions to date.”
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Actions have consequences! Didnt your parents teach you this yahooNews ?
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AP: Publicly traded firms get $300M in small-business loansFrom AP Morning Wire: • Trump to ‘suspend immigration’ to America. • Large firms get $300M in small-business loans. • Oil prices crater to negative as global demand evaporates. • Seoul: Kim Jong Un handling NK affairs after illness reports. SIGN UP: *deet*deet*deet*deet Breaking news - Kim hits hole-in-one from hospital bed. • Jesus is coming back and many people are unprepared.
Source: AP - 🏆 728. / 51 Read more »
AP: Publicly traded firms get $300M in small-business loansFrom AP Morning Wire: • Trump to ‘suspend immigration’ to America. • Large firms get $300M in small-business loans. • Oil prices crater to negative as global demand evaporates. • Seoul: Kim Jong Un handling NK affairs after illness reports. SIGN UP: *deet*deet*deet*deet Breaking news - Kim hits hole-in-one from hospital bed. • Jesus is coming back and many people are unprepared.
Source: AP - 🏆 728. / 51 Read more »
Publicly traded firms get $300 million in small-business rescue loansA relief fund for small businesses amid the coronavirus crisis has wound up helping companies with thousands of employees and past regulatory run-ins. “If it’s called “looting” when poor people steal groceries during a disaster, what’s it called when the Senate tries to smash and grab billions for corporate executives during a pandemic” ~Erin Ryan morninggloria Answer: Mitching GOPCorruption This underscores either Mnuchin's incompetence rolling out the plan or his corruption in planning the distribution of funds. A review of how many were Goldman Sachs clients should be in order. How could anyone approve the bulk of funds going to so few. Recoveries must be demanded See the ancs picture
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