Companies face harder time getting government-backed loans meant for small businesses hurt by coronavirus

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Thousands of small businesses continue to be shut out of the Paycheck Protection Program as Fortune 500 companies secure millions in forgivable loans.

On the House floor Thursday, Small Business Committee"To those large publicly traded companies who have already benefited, I will suggest, now would be a time to exhibit some good corporate citizenship by returning those funds," she said.

Criticism of the large business loans has grown since the entire $349 billion that Congress allocated to the PPP ran out last week, leaving many very small businesses without a financial lifeline. Congress overwhelminglyfor the fund this week in a bill President Donald Trump is expected to sign.

 

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Its never been what u know but who!?😁🤣😡🤣😁🤣

It’s because people would rather sit on their fat asses and draw unemployment then work.

But let’s refuse to help out those with studentlons. That would free up $500/month for me! 60% of that money would go back into the economy. The rest to savings and kids’ college funds.

This is criminal, plain and simple

The system is, and always has been, rigged. Covid has merely pulled the curtain back.

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