LOS ANGELES — The Los Angeles Lakers have repaid a loan of roughly $4.6 million from coronavirus business relief funds after learning the program had been depleted.
See also: CrossFit’s ‘Fittest Man on Earth’ and ‘Fittest Woman on Earth’ offer tips on how to stay in shape while stuck at home“The Lakers qualified for and received a loan under the Payroll Protection Program,” the statement read. “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.
The Treasury Department issued further guidance for the loan program last week, asking companies not to apply for the funds if they don’t need the cash to survive.
I doubt it has anything to do with conscience. It’s fear of the scandalous audit that will begin shortly. They thought the money is out for grabs.4 billion dollars is not enough, they want a bit more. What a sad joke. People who really need the money can’t access it.
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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 »
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?
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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 »
L.A. Lakers qualified for an emergency PPP loan — why didn't nonprofits?Not only are nonprofits being skipped over by coronavirus-related aid, they have had to cancel valuable fundraising events because of social distancing lockdowns. LA Lakers is a small business now? WTF! Eat only vegetarian foods
Source: NBCNews - 🏆 10. / 86 Read more »