"However, once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need. The Lakers remain completely committed to supporting both our employees and our community."Going forward, companies can expect a more thorough review as the $310 billion in fresh funding for the program is doled out.
"I'm gong to be putting out an announcement this morning, that for any loan over $2 million, the SBA will be doing a full review of that loan before there is loan forgiveness,"Something is loading. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
I don't think it's right that we make companies spend their reserves for a government decision to shut down the economy. This wasn't due to bad business practices. They should be entitled the same programs every other business is afforded. If notenough money that's on Congress.
Man the players get more than that what they need that for? Absurd. Good job Lakers 👏🏽👏🏽👏🏽👏🏽
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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 »
Los Angeles Lakers return $4.6 million loan received from Paycheck Protection Program“The Lakers qualified for and received a loan under the Payroll Protection Program. However, once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need.' So noble... professional sports are dumb Over paid ....overrated It's not a secret it's a science!(STREAMING GLOBALLY)
Source: USATODAY - 🏆 100. / 63 Read more »
Los Angeles Lakers got $4.6 million in coronavirus federal loan money for small business, but repaid itThe Lakers have returned that money after learning that the pool of federal loan assistance from the Small Business Administration's Paycheck Protection Program had been drained of cash because of the huge demand for it, according to the franchise. Keep airing everyone one out. This is madness. Free money unless you get outed publicly 🤦♂️
Source: CNBC - 🏆 12. / 72 Read more »