Millennial-aimed news outlet TheSkimm was approved for a $2 million to $5 million bailouts to retain 121 jobs, according to the SBA, which just released the list of loan recipients.
The $670 billion federal program was approved in March as part of emergency economic measures amid the coronavirus pandemic. The SBA made 4.9 million loans, totaling $521.4 billion at an average size of $106,744.it laid off about 20% of its 130-person staff as ad revenue took a dive after the pandemic hit and faces questions about its future, with funding sources drying up and its business relying heavily on ad revenue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pro-Trump lobbyists worked with firms that received small business relief loansTwo businesses got millions of dollars in government coronavirus relief loans as a group of pro-Trump lobbyists actively worked on their behalf. interesting This is not a a surprise. They are going to call it as little inefficiencies in giving out loans.
Source: CNBC - 🏆 12. / 72 Read more »
Burning Man, Bird, a16z, Yeezy among recipients of PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The top 25 industries bailed out by federal PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »