Monday 27 April 2020

Here’s how real estate companies qualify as “small” businesses for PPP loans

As the government pumps another $310 billion into its latest paycheck-backstop program, critics are pointing the finger at some large companies that have received loans designed to help keep small businesses afloat. Big firms like Dallas-based hotelier Ashford Inc. and the Ruth’s Chris Steak House restaurant chain and others availed themselves of millions of dollars through the Paycheck Protection Program, which was laid out to help small companies with 500 employees or fewer survive the



source https://therealdeal.com/2020/04/27/heres-how-real-estate-companies-qualify-as-small-businesses-for-ppp-loans/

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