L.A. Lakers qualified for an emergency PPP loan — why didn't nonprofits?

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Not only are nonprofits being skipped over by coronavirus-related aid, they have had to cancel valuable fundraising events because of social distancing lockdowns.

"Over the last month, we've put out close to $700,000 in COVID-related expenses, including protective gear, extra staffing, diapers, supplies for families quarantining with us," Hameline said.

There's also heavier reliance on the services Help USA provides, such as its food pantry, as more adults and children are out of work and school. Costs that might be offset by a workplace or a school are being placed on the organization and its shelters. For instance, Help USA had to buy mobile Wi-Fi devices to make sure the students in its shelters can keep up with virtual instruction while schools are closed.

"We've expended approximately $1 million in this very short period of time," CEO Joanne Oplustil said. Not only are nonprofits being skipped over by coronavirus-related aid; they've also had to cancel valuable fundraising events because of social distancing lockdowns. Some groups have become creative and turned to other foundations for assistance, but that's only a temporary fix.Henry Street Settlement CEO David Garza was recently able to secure an additional $1 million, but increased costs due to the pandemic have pushed ongoing expenditures well over that amount.

 

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You did nothing that was Congress majority Democratics

Most foundations and non profits want nothing to do with Government money and interference. They exist to do the job better. Only a few take money from the government as it comes with strings. Now not the time to beg and become enburdened forever by red tape.

Remember, folks: Although complex answers may exist, the simplest answer to questions like this are usually: 1. Greed, 2. Stupidity, and/or 3. Racism

Trump and his cronies are vultures...

Trump was never fit to be president. He never takes responsibility and he blames everybody for everything.

LeAnnaRitter84 I thought they returned this

Excuse me but if you qualified you qualified. There were no favorites and this article certainly doesn’t prove favoritism

If the population of the US is under 400 million people. Why not send a stimulus check of a million dollars to each and every American. Wouldn’t that help every American better then trillions of dollars to corporate America.

Call for new leadership!!!! Government needs to get to work asap or be removed. ✌🗽🇺🇸✌🗽

I applied for a PPP loan for 12000$, SBA is still processing since weeks and now my Bank said fundings are out and I need to wait till new money is through Senate and this huge companies and weird SMALL businesses take all of it and let really small businesses out in the rain

See because some of you were lying and some of them assume you all do the same thing.

Eat only vegetarian foods

LA Lakers is a small business now? WTF!

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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 »

Several major US banks are being sued for unfair PPP lending practices - Business InsiderICYMI: Major US banks are being accused of prioritizing higher-value loan applications, rather than processing requests on a first-come, first-serve basis Why would they not? It’s more money for the bank, while at the same time taking care of their bigger customers first. When you know the money will run out, take care of those who take care of you. is anybody surprised? Lol and this is news? Of course they are it's the freaking big banks
Source: BusinessInsider - 🏆 729. / 51 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 »

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 »