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Exclusive: U.S. companies got emergency government loans despite having months of cash

Exclusive: U.S. companies got emergency government loans despite having months of cash

Postby smix » Sat May 09, 2020 3:13 am

Exclusive: U.S. companies got emergency government loans despite having months of cash
Reuters

URL: https://www.reuters.com/article/us-heal ... SKBN22J2WO
Category: businessNews
Published: Thu, 07 May 2020 21:43:20 -0400

Description: When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to $10 million, was meant to tide them over for eight weeks.
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