Ben Popken

@bpopken ↗

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Last Checked July 7, 2020

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Thu Apr 23 20:59:05 +0000 2020

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Ben Popken @bpopken

Facing furor, Ruth's Chris high-end steak chain returns its $20M small business loan https://t.co/1QeSiyM4mq new by me and @SRuhle — PolitiTweet.org

Posted April 23, 2020

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Ben Popken @bpopken

“it is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith,” the new guidance reads. — PolitiTweet.org

Posted April 23, 2020

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Ben Popken @bpopken

So what happens to PPP money when a company "returns it?" The money itself goes back to the bank. The loan is canceled. The SBA, after the fund is replenished, says its can approve new loans using the returned amount, according to its interpretation. — PolitiTweet.org

Posted April 23, 2020