Large Public Companies Are Hogging The Funding Of The Small-Business Relief Program
Posted by freedomforall 3 years, 11 months ago to News
“For public companies who have disclosed receiving funds, JPMorgan Chase has provided $92.6 million or 31 percent of the total.”
According to the FactSquared data, the largest beneficiary is Texas-based Ashford Hospitality Trust that received $76 million in PPP loans. Ashford, the owner of 117 hotels, has laid off or furloughed 95 percent of its workforce, The Wall Street Journal reported on April 22.
Separately, Ashford affiliate Braemar Hotels & Resorts received $34 million through PPP.
According to the FactSquared data, the largest beneficiary is Texas-based Ashford Hospitality Trust that received $76 million in PPP loans. Ashford, the owner of 117 hotels, has laid off or furloughed 95 percent of its workforce, The Wall Street Journal reported on April 22.
Separately, Ashford affiliate Braemar Hotels & Resorts received $34 million through PPP.
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- 2Posted by $ 25n56il4 3 years, 11 months agoI read or heard on the news that this was true. Well, all are 'pigs at the trough'. Ugly, ugly people. I know a guy who owns 5 bars. All his employees are being paid by him during this crisis. He is even letting them work on updating his places if they wish to help. My neighbor is one of his employees and she thinks the world of this small business man.| Mark as read | Best of... | Permalink
