Anon Archived Overwhelming majority of publicly traded firms have not returned small-business loans: review (thehill.com)
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Anon Archived Overwhelming majority of publicly traded firms have not returned small-business loans: review (thehill.com)
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https://archive.ph/wip/mpOqh :
'More than 80 percent of public companies that received loans through the Paycheck Protection Program (PPP) have kept the money, according to an analysis by market research firm FactSquared. '
'About 76 public companies that received PPP loans had enough cash or cash equivalents to cover their operating costs until at least June but have said they will not return the loans, and 22 of those companies received loans of at least $2 million, according to a Reuters analysis. '
'The core purpose of this program was keeping millions of Americans from being laid off. '
'Sixty-eight companies — out of 424 that received $1.35 billion in loans — returned a total of $435.8 million after the Treasury Department said any companies that did not need the money had until May 18 to return it, according to FactSquared’s review of corporate filings. '
'Sen. '
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