More than 580,000 California companies got PPP loans. Here's what we know

Mnuchin is refusing to disclose what businesses received coronavirus aid, insisting on secrecy for a $600-billion-plus loan program funded by taxpayers.

Jelly Belly said the money was used to retain employees and that without the loan, the company would have had to “reduce headcount” at the start of the pandemic. The money helped retain 500 jobs, according to the SBA data. The initial PPP funds of $350 billion were drained in about two weeks, and it came to light that some large and publicly traded firms took advantage of the program, effectively shutting out more needy small employers until the program was replenished by Congress. President Trump signed legislation extending the application deadline from June 30 to Aug. 8 on Saturday.

BOYCOTTYEEZY

You mean grants. Free money

Jelly Belly was stolen from its inventor

Everyone Please Stay Home!!!

That’s bull shit kanyewest Shame on you.....

Wow and some people have trouble getting their Stimuluscheck to pay for rent and food. TrumpVirus

Trump lootin the Treasury

I can’t read the articles because I’m cataloguing the jelly beans in the photo.

Why, why does Kanye need a bailout?

Davidlaz Yet the American citizens got thrown CRUMBS, if that. DISGUSTING. SHAMEFUL.

You Down with PPP? Yeah, you know me!

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Trump administration releases list of companies that received most money from small business bailout loansThe Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. Mitch McStealing wife Transportation Secretary Elaine Chao's family's business, Foremost Maritime Company, got a loan valued between $350,000 and $1 million. That federal money Buy OTM short dated calls on their own company to drive it higher then take out loans on their holdings to avoid any tax. Duh Buy back stocks
Source: CNBC - 🏆 12. / 72 Read more »

PPP loans roughly in line with industry payrolls, but some stand outPaycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.
Source: Reuters - 🏆 2. / 97 Read more »