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Showing page 95 of 324.
Ben Popken @bpopken
Per its name, PPP was designed by Congress to shore up payroll for companies who saw business drop because of the coronavirus lockdowns. But most black-owned small biz don't have W2 payroll, they use independent contractors. — PolitiTweet.org
Ben Popken @bpopken
Why are so many black-owned small businesses shut out of PPP loans? For starters, just 8 percent of black-owned small businesses even qualify for PPP loans, compared to 26 percent of white-owned small businesses. https://t.co/J8hvbp0bxR new by me — PolitiTweet.org
Ben Popken @bpopken
Investment fund manager Manning & Nappier is returning its $6.7 million PPP loan. https://t.co/oGYMMWWQyu — PolitiTweet.org
Ben Popken @bpopken
RT @SBAJovita: To assist small community lenders and ensure their small business customers have access to the #PaycheckProtectionProgram, t… — PolitiTweet.org
Ben Popken @bpopken
...J. Alexander's Holdings, Kura Sushi, Los Angeles Lakers, Nathan's Famous, OptiNose, Potbelly, Ruth's Hospitality Group, Shake Shack, TransMedics Group, Ultralife, Wave Life Sciences USA. (2/2) — PolitiTweet.org
Ben Popken @bpopken
Here's all the companies returning PPP money so far we know of: Aquestive Therapeutics, Ballantyne Strong, BioLife Solutions, BK Technologies, CalAmp, Castlight Health, Energy Services of America, Escalade, Fiesta Restaurant Group, Hallmark Financial Services, IDT... (1/2) — PolitiTweet.org
Ben Popken @bpopken
List updated, added Fiesta Restaurant Group and Energy Services of America Corporation. For now will refresh in early am and late afternoon or if there are notable moves. — PolitiTweet.org
Ben Popken @bpopken
I found toilet paper at 2 stores this week, I win a prize! The prize is toilet paper. — PolitiTweet.org
Ben Popken @bpopken
RT @SRuhle: Dear @marcorubio, I see you on tv this morning- as you have been almost every day discussing #PPP. There is NO ONE covering thi… — PolitiTweet.org
Ben Popken @bpopken
@fliptrip @NBCNews That's why they call it private. Full data will eventually come out, either from FOIAs or SBA or Treasury disclosures. — PolitiTweet.org
Ben Popken @bpopken
RT @SEGreenhalgh: Internet voting is not safe. Period. Just because people are disabled, it doesn’t make it safe. Just because there is a p… — PolitiTweet.org
Ben Popken @bpopken
RT @bpopken: @nbcnews is tracking which companies are returning PPP loans. Follow along here: https://t.co/YkFannJtsu. — PolitiTweet.org
Ben Popken @bpopken
@nbcnews is tracking which companies are returning PPP loans. Follow along here: https://t.co/YkFannJtsu. — PolitiTweet.org
Ben Popken @bpopken
Note the wordsmithing. With "cast doubt" they're saying the new SBA guidance doesn't literally make it clear that public companies don't qualify for PPP. With "abundance of caution" they're saying they're not sure that there actually would be teeth in the warnings. — PolitiTweet.org
Ben Popken @bpopken
But then "On April 23, 2020, the SBA issued new guidance that cast doubt on the ability of public companies to qualify for a Paycheck Protection Program loan. As a result, out of an abundance of caution," Castlight decided to repay the loan to its lender, Silicon Valley Bank. — PolitiTweet.org
Ben Popken @bpopken
(Which are the broad definitions of the CARES Act written by legislators) — PolitiTweet.org
Ben Popken @bpopken
Castlight said it "believed it was qualified...given that it has less than 500 employees...has been affected by the economic uncertainty brought about by the COVID pandemic, and intended to use the funds from the PPP Note to help maintain its payroll..." — PolitiTweet.org
Ben Popken @bpopken
BREAKING: Health benefits platform provider Castlight returns $10m PPP loan, according to SEC filings updated overnight https://t.co/cmgy84mIdG — PolitiTweet.org
Ben Popken @bpopken
@meenasaurus when they go to apply for loan forgiveness and are denied — PolitiTweet.org
Ben Popken @bpopken
What no one is talking about in PPP mess is how many small businesses will discover they did something wrong and/or banker didn’t do diligence (for whatever reason...) and the loans don’t turn into free money. And they find they’re worse off than if they didn’t take the cash. — PolitiTweet.org
Ben Popken @bpopken
While we’re on the subject of safer food purchasing how about drive thrus invest in more RF near field and Apple Pay readers? I would prefer that to current system of passing back credit card burritoed in a receipt slip. First mover can market themselves as “The Safest Fast Food” — PolitiTweet.org
Ben Popken @bpopken
Some of these restaurants that are now selling groceries in order to keep their suplliers could band together - and maybe partner with existing CSA’s and farmer’s markets. Place bins 6 feet apart, wide aisles. Igloo coolers for dairy. Supermarket al fresco. — PolitiTweet.org
Ben Popken @bpopken
How about pop-up grocery stores in open air parking lots and fields to deal with this last mile issue of grocery delivery and not wanting to pay a low wage worker to risk covid to deliver your groceries? — PolitiTweet.org
Ben Popken @bpopken
Employees at the SBA and banks have been bravely toiling around the clock to get ready, but noble effort can't overcome that was broken before it began. — PolitiTweet.org
Ben Popken @bpopken
As questions mounted throughout the day, the SBA sent out an afternoon email acknowledging the "slowing E-Tran response times" under "unprecedented demand" and touting over 100,000 loans were made by over 4,000 lenders -- an inauspicious average of about 25 per bank. — PolitiTweet.org
Ben Popken @bpopken
Bankers rage as SBA loan system crashes trying to digest next avalanche of PPP loans for anxious small business owners who feel time is running out. https://t.co/H95xjqGDfF — PolitiTweet.org
Ben Popken @bpopken
@TJsMind @CurtQu That's the new lender gateway that Amazon Web Services built, right? — PolitiTweet.org
Ben Popken @bpopken
RT @BradMBolton: Hope and Despair in two pictures! @SBAgov @USTreasury , community banks like @CommSpiritBank stood ready for our #mainstre… — PolitiTweet.org
Ben Popken @bpopken
RT @CitizensBankLa: @CurtQu 1:01am https://t.co/WdYHLwG3qD — PolitiTweet.org
Ben Popken @bpopken
RT @CurtQu: We are now 5 hours in and have only managed to get 7 applications through ETran. unbelievable. https://t.co/Zw3T8y3Z2a — PolitiTweet.org
