Los Angeles Lakers return $4.6 million loan received from Paycheck Protection Program

Other companies such as Shake Shack, Ruth’s Hospitality, Potbelly and Sweetgreen said they planned to return money received from the program.

With the government getting ready to disperse an additional $300 million to small businesses as part of the Paycheck Protection Program, new guidance likely prohibits certain companies from applying. “Borrowers must make this certification in good faith, taking into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to the business,” the U.S. Department of the Treasury said in a FAQ.

Couldn't they just have borrowed that from Lebron

Exempted

Good professional sports should have been exem

The so-called 'leaders' of this nation are immoral, cold-hearted and clueless. The citizens - 26 million- are newly jobless, hungry and penniless but they gave/ allowed billion dollar companies to get aid. And, sent the people in need $1,200 to last during a pandemic.

Nobody needs the money. You were taught this in school: Air, Water, shelter, food, clothing. That's it.

The Lakers are one of the most valuable sports franchises in the World. Unbelievable.

Why apply?

embarrassing...

Why would a multibillion dollar company even fill out the paperwork to get the money I have now lost all respect for you

It's not a secret it's a science!(STREAMING GLOBALLY)

Over paid ....overrated

So noble... professional sports are dumb

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Los Angeles Lakers Received and Returned Their Coronavirus LoanThe Los Angeles Lakers received and then returned a loan from the federal government’s Paycheck Protection Program for small businesses, the team said. Its become very apparent the banksters cannot be trusted. 5 Million Dollars For Small business You Yellow Purple Ass holes 😡 Thank you Lakers for returning the money.
Source: WSJ - 🏆 98. / 63 Read more »

The Los Angeles Lakers received $4.6 million from federal loan program — but returned itThe Lakers, one of the most profitable franchises in the league, secured aid through the government's Paycheck Protection Program. Shameful I don't think I could be more pissed off right now as I keep hitting refresh waiting for SBAgov to reopen the COVID19 assistance online applications for REAL small business owners like me!
Source: MSNBC - 🏆 469. / 51 Read more »

Even The LA Lakers Got A PPP Small Business LoanThe Los Angeles Lakers — one of the NBA's most profitable franchises — have returned money they received from a federal loan program intended for small companies. More than 200 public companies are still holding onto money from the program. Sure do love them little ma-&-pa NBA franchises. Publicly traded companies have shares they can issue or various other ways to raise money this whole PPP Small Business Loan program is a complete fraud joke corruption whatever federalreserve Where can we find a list of these public companies?
Source: NPR - 🏆 96. / 63 Read more »