- Thread starter
- #81
LOL back atcha WillThe biggest crooks to ever hit the WH
Trump donors among early recipients of coronavirus loans
BRIAN SLODYSKO AND ANGELIKI KASTANIS
Jul 7th 2020 7:18AM
WASHINGTON (AP) — As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data.
Many were among the first to be approved for a loan in early April, when the administration was struggling to launch the lending program. And only eight businesses had to wait until early May before securing the aid, according to the AP’s review of data released Monday.
The Trump-connected companies obtained the aid through the Paycheck Protection Program, which extends a lifeline to small businesses struggling to navigate the pandemic. Fast-food chains like Muy Brands, oil and gas companies, and white-collar firms were all granted a slice of more than $659 billion in low-interest business loans that will be forgiven if the money is used on payroll, rent and similar expenses.
Wow, 100 out of 4.8 million loans. You commies are ridiculous.
According to the SBA, more than 4.8 million PPP loans were approved through June 30, with the average loan size being $107,000.
.
as usual, ed saw the name Trump, and stopped reading.
Don't have too high of expectations of a low information commie. What the ignorant commie doesn't understand, is the banks that processed theses loan are prohibited by law from asking political affiliations of the applicants.
.
I've known him on boards for nearly 20 years.
he holds no surprises.