—in no small part because they are administered by the U.S. Small Business Administration . But at the same time, if the government makes larger companies eligible, it’s also easy to see why they also applied.
. But defining gray areas is part of the point of government—and now, the feds are asking all big businesses to give their SBA loans back… or face “severe consequences.” The answer explains that “all borrowers must assess their economic need for a PPP loan,” and though “the CARES Act suspends the ordinary requirement that borrowers must be unable to obtain credit elsewhere … borrowers still must certify in good faith that their PPP loan request is necessary.
If you ask is it legal or ethical or moral I bet you already know it is none of them.
But, boy, the immoral are certainly making themselves known. It’s up to us to remember who they are.
Tough times show true character. These companies do not exist for public good. They should be boycotted and stripped if corporation status.
This is so pathetic. People lives ruined due to pure greed.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
More U.S. companies return payroll loans after new Treasury guidanceU.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would have a hard time proving they really needed the coronavirus relief funds. lol treasury guidance Good! Greedy fuckers shouldn't have taken it to begin with. They're billionaires. This 'inconvenience' means they can't buy Pumpkin her first yacht on her 16th birthday. Poor thing will have to be happy with a Lamborghini. Mean-while, my family fights to pay their 8 employees! I didn't understand this guidance
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »
Treasury gives public companies 2 weeks to give back PPP loans: report - Business InsiderPublicly traded companies have 2 weeks to give back loans intended for small businesses or potentially face 'severe consequences,' Treasury Department reportedly says And the banks will again get 5% commission on that money when they pass it over to the small businesses? Good. Yes..it is totally their fault they got those loans...nothing to do with the process. Cut me a break...you guys need to vet what you’re doing
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Treasury says public companies should repay their PPP loansWhen the $349 billion Paycheck Protection Program quickly ran dry, big companies that landed large loans drew the ire of small businesses and their advocates. Some have announced plans to return the funds. Now the government is hoping the others pay up.
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »
Large Public Companies May Be Shut Out Of New PPP Funds After Shake Shack Fallout71 publicly traded companies received PPP loans before its original $350 billion in funding ran out last week, Forbes found. theothersarahh *should theothersarahh StayHome COVID19 theothersarahh As they should be
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »