THREAD: Over 3,000 businesses that received $1BN in #PPP have since closed permanently.
Expect Democrats to be demanding MORE oversight & pressing Treasury/SBA to enforce repayment of these funds and/or investigations into what these businesses were.
Expect Democrats to be demanding MORE oversight & pressing Treasury/SBA to enforce repayment of these funds and/or investigations into what these businesses were.
It’s possible that some took the money and it just was not enough to survive, but given how quickly they already closed, it’s worth investigating.
*Reminder*
PPP data on loans less than $150k has still not been made public. The “privacy” rationale makes no sense. These are the exact same loans that were given in larger sums of money- business loans.
PPP data on loans less than $150k has still not been made public. The “privacy” rationale makes no sense. These are the exact same loans that were given in larger sums of money- business loans.
There is NO precedent to keep any of this info private. However, there is political will).
See PPP business closure info here:
enigma.com/blog/post/over…
See PPP business closure info here:
enigma.com/blog/post/over…
