Ben Popken

Ben Popken @bpopken

Clawbacks, new guidance and admonishments mean we end up with a confusing, iterative, several versions later program. PPP 1 was a “wide release beta” - with brutal real world consequences for those left out. — PolitiTweet.org

Ben Popken @bpopken

Phase 1 was a true emergency program, designed to be loose enough to reach firms on margins, erring on allowing bigger firms. One theory: they could either get it right or fast but if they went too slow perhaps more of those businesses would have failed. — PolitiTweet.org

Ben Popken @bpopken

Round 2 appearing to reach more what people usually think of as “small businesses.” — PolitiTweet.org

Ben Popken @bpopken

Ashford hotels returning $126 million in PPP funds it got using language in law it and hotel industry lobbied for. Attacks “inconsistent” guidance. — PolitiTweet.org

Ben Popken @bpopken

SBA released new PPP 2 figures, first since Wednesday: Loan Count 2,211,791 Gross Dollars $175,743,247,908 Lender Count 5,432 average loan size: $79k — PolitiTweet.org

Ben Popken @bpopken

Thank you google https://t.co/xLgsYzvK1h — PolitiTweet.org

Ben Popken @bpopken

Next public company PPP loan returners: Aviat Networks, $5.9 million, Collector's Universe, $4.2 million. — PolitiTweet.org

Ben Popken @bpopken

RT @IRSnews: Many homeless Americans who qualify to get an Economic Impact Payment can use an #IRS tool to sign up for it: https://t.co/FjX… — PolitiTweet.org

Ben Popken @bpopken

🤔 SBA released PPP numbers daily starting Monday but there have been no new numbers since Wednesday. — PolitiTweet.org

Ben Popken @bpopken

RT @LaurenESchram: People are standing in front of Duane Reade in Union Square reselling Duane Reade products! #QuarantineLife #Coronavirus… — PolitiTweet.org

Ben Popken @bpopken

RT @bpopken: Cytosorbents could have put the $1.4 million in PPP money to good use. Their CytoSorb device is being used to treat sepsis in… — PolitiTweet.org

Ben Popken @bpopken

Cytosorbents could have put the $1.4 million in PPP money to good use. Their CytoSorb device is being used to treat sepsis in COVID patients. But they got $1.1 million from NJ and decided to return PPP for biz in greater need during the pandemic. — PolitiTweet.org

Ben Popken @bpopken

@jbrown11871 @SRuhle Cytosorbents $1.4 million Windtree Therapeutics $546k Graham Corporation $4.59 million — PolitiTweet.org

Ben Popken @bpopken

Online lender Prospect disclosed $8.4 million PPP loan. They plan to use it to help cover payroll. https://t.co/LNemKY1zXB CEO David Kimball made $1.59 million in 2018 and average employee pay is $130k according to https://t.co/V2odo854XB and https://t.co/nQwCDi5Nt8. — PolitiTweet.org

Ben Popken @bpopken

Latest public companies to return PPP loans: Cytosorbents, Windtree Therapeutics, Graham Corporation — PolitiTweet.org

Ben Popken @bpopken

He hadn't heard anything from Bank of America after he filed for a PPP loan, not even a welcome email. He tried calling, no luck. After I started making inquiries, the bank discovered he wasn't in the system and added him in manually. — PolitiTweet.org

Ben Popken @bpopken

Good news: the day after the story of his struggles with SBA loans and @BankofAmerica went up on @nbcnews, owner of @TerraCafebmore in Baltimore got $10k, his EIDL loan advance. He's grateful for it and has fingers crossed for PPP relief to help take care of his workers even more — PolitiTweet.org

Ben Popken @bpopken

@oliviasolon I got this one too and said you gotta be kidding me — PolitiTweet.org

Ben Popken @bpopken

RT @akela_lacy: "Following inquiries from NBC News, Bank of America discovered that Dickson's PPP application didn't appear in the system,… — PolitiTweet.org

Ben Popken @bpopken

If you haven't filed taxes since 2017 you can use the online quick form to get your stimulus https://t.co/GwJ5ivO2sI (though you should really file your taxes). Note if you had any kids when you didn't file then IRS doesn't have records and you will not get the additional credits — PolitiTweet.org

Ben Popken @bpopken

RT @bpopken: "I hear a lot about making America great again. In order to have a great America, there has to be a great black America. In or… — PolitiTweet.org

Ben Popken @bpopken

"I hear a lot about making America great again. In order to have a great America, there has to be a great black America. In order to have that, we need great black businesses. We need access to capital," said Ron Busby, president of @usblackchambers. — PolitiTweet.org

Ben Popken @bpopken

Former TARP prosecutor @neilbarofsky says @stevenmnuchin1 is full of bluster on finger-wagging big companies for using PPP as it was originally designed https://t.co/P8fvQDNP3N https://t.co/DeCpHIEtxR — PolitiTweet.org

Ben Popken @bpopken

RT @JillCastilla: @BankMergers @CitizensEdmond And PPP1 was a median (not mean) of $10k https://t.co/mVboeXLf6N — PolitiTweet.org

Ben Popken @bpopken

RT @JillCastilla: Our team now has authorizations for 158 #smallbiz with an average loan size of $33k & a mean of $10k. Our minimum loan wa… — PolitiTweet.org

Ben Popken @bpopken

Why are so many black-owned small businesses shut out of PPP loans? https://t.co/J8hvbp0bxR My latest for @nbcnews — PolitiTweet.org

Ben Popken @bpopken

Why are so many black-owned small businesses shut out of PPP loans? https://t.co/J8hvbp0bxR — PolitiTweet.org

Ben Popken @bpopken

RT @jackiereses: As of today, @Square Capital PPP by the numbers: -So far, we’re submitted $618M in verified applications to SBA on behalf… — PolitiTweet.org

Ben Popken @bpopken

“The financial industry has shown me no love for 20 years,” said a Baltimore soul food restaurant owner of his challenges qualifying for traditional bank loans. But he feels this program should be different. “It’s our goddamn money. It’s taxpayer money.” — PolitiTweet.org

Ben Popken @bpopken

“There is a structural flaw in this program. It uses banks as middlemen. Any time you create a big program and give banks the ability to choose which customers it prioritizes, you’re going to have disparities." — PolitiTweet.org