SBA Administrator Jovita Keranza on the Paycheck Protection Program, which distinguishes facts from legends.
French laundry, a posh California restaurant where government Gavin News was spotted dining with friends and lobbyists a month ago, received more than 4 2.4 million in taxpayer-funded loans through the Paycheck Protection Program.
According to the latest data from the Small Business Administration (SBA), Michelin Star Restaurant received two loans in two areas, both approved on April 30. One loan, valued at more than 2. 24.24 million, was used to keep 163 employees on payroll. Second, 194 194,657 was used to retain five employees.
At least 4 members of the PPP Congress personally benefit from PPP loans
Rest for Runt did not respond to a Fox Business request for comment.
Congress created a 670 billion rescue fund through the passage of the March Care Act to help alleviate the economic woes of the coronavirus epidemic and help small businesses prevent mass scattering. If at least 60% of the money goes to maintaining parole, the federal government will forgive the loan.
French Laundry – opened in 1994 by celebrity chef Thomas Keller with the help of 60 investors – offers a typical outdoor culinary experience starting at 4 50,450 per person, and includes a white truffle and caviar dinner for, 200,200 per person. Provided, online online reservation services.
Gavin News’s Controversial French Laundry Mill Bags Question: How much did it cost?
The Democratic governor of California, who also became the site of a recent controversy at the restaurant after photos of the news surfaced, attended a birthday party and sat at a round table at 12 o’clock in a three-sided closed dining room. News, which maintained that the incident was outside, was apparently in violation of its own strict coronavirus lockdown rules.
According to ABC7News, which reported the first story, the money laundered to French laundry was 17 times more than the average two-area restaurant counted, prompting other business owners to react.
“I’m angry, but what can I do about it?” Dennis Berkowitz, former owner of San Mateo restaurant vault 164, told ABC7. Berkowitz said he struggled to get a 318,000 loan to retain about 50 employees. But the loan was not enough to keep his business afloat and forced him to sell the restaurant in July, he said.
San Francisco mayor joins night at new laundry party after Gan News
Initially, the program was heavily criticized for providing assistance to commercial companies due to the suspension of small businesses, despite other avenues for relief. The SBA and the Treasury Department, which jointly managed the program, were held to close the loophole, which would allow millions of dollars to be tapped to fund, including pledges to audit loans of more than 2 2 million to companies.
Over a period of about four months, the PPP disbursed approximately $ 3 billion in waiver loans to .2.5 million companies, according to SBA. The program was closed to new applicants in late July, although there is still about 38 38 billion left in the fund.
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Lawmakers have been trying for months to negotiate a second round of emergency aid, to no avail. But congressional leaders on Wednesday appeared close to a 900 900 billion relief deal that included additional funding for the PPP, as well as funding for unemployment benefits and vaccine distribution, education and health care.
“We’ve made major progress in hammering the targeted relief package,” said Senate Majority Leader Mitch McConnell, R-K.
