of the funding went to restaurants. Chain restaurants became eligible for PPP loans through a loophole lobbied for by the National Restaurant Association: they were eligible as long as fewer than 500 people were employed at any one location.
"As small business owners, the nearly 2,000 independent franchisees who own and operate McDonald's restaurants across the country have been proud to continue to serve communities, first responders, and frontline workers while providing meaningful employment to more than 800,000 individuals during this incredibly challenging time," McDonald's USA told Business Insider in an emailed statement.
Misleading. In half the country, pizza hut is the town restaurant, bar, and community center and is locally owned.
Why we don’t need PPP the system isn’t for the SB only big corps with relationships with banks.
Cuz most Fast Food franchises are small businesses... BI is Fake News at heart 🤷🏼♂️