Giving taxpayer money to a $4.4 billion franchise doesn’t seem like aid to a small business.
Tag: T Shirt News
House Passes ‘Interim’ $484 Billion Coronavirus Relief Bill
Congress replenishes a small business loan program and adds funding for hospitals and coronavirus testing.
Congress Sets Up Another Mad Dash For Small Business Cash
Business groups are pleading for changes to the Paycheck Protection Program, which has come under mounting criticism for giving money to big companies.
Ruth’s Chris Steak House Says It Will Pay Back $20 Million Federal Loan
The restaurant chain was harshly criticized for taking the money despite having other means of funding not available to mom and pop businesses.
Banks Funneled Stimulus Funds To Largest Companies To Fatten Fees, Lawsuits Say
Small business owners are suing Wells Fargo and other big banks, saying they “rigged” the coronavirus Paycheck Protection Program to favor large companies.
Publicly Traded Companies Got $300 Million In Small Business Loans: AP Investigation
Neither the Trump administration nor the lending industry has disclosed a list of Paycheck Protection Program beneficiaries.
Shake Shack Returns $10 Million Government Loan Meant For Small Businesses
The company said it got coronavirus relief funds because they were open to any restaurant chain with less than 500 employees at a single location.
Deal On Small Business Loan Package Expected This Week, Mnuchin Says
The tentative agreement would offer another $300 billion in loans, as well as funds for hospitals, coronavirus testing and disaster relief.
The Paycheck Protection Program Hasn’t Served Restaurants Well
The hardest-hit industry is not getting the most help from the new anti-layoff initiative.
The Stimulus Isn’t Enough
While the federal government is making big companies whole during the COVID-19 crisis, working families and small businesses will suffer.