Name: Here are the 15 largest public companies helping drain hundreds of millions of bailout dollars meant for small businesses
Brand: theblaze.com
SKU: theblaze-com-18
Availability: OnlineOnly

critic

Here are the 15 largest public companies helping drain hundreds of millions of bailout dollars meant for small businesses

preview

Please verifyResetSubmitLike Blaze News? Get the news that matters most delivered directly to your inbox.When Congress passed and President Donald Trump signed the $2.2 trillion coronavirus stimulus package, one of the highlights by all sides was the Paycheck Protection Program. The $349 billion PPP emergency funding was designed to help our country's small smallest businesses stay open — think mom-and-pop shops — and help curtail massive nationwide layoffs. The program lets the Small Business Administration give loans to U.S. companies that can be forgiven, provided the companies retain their staff on payroll through June. Businesses with more than 500 employees are not eligible. The fund in a matter of days. A new from Morgan Stanley revealed Tuesday that nearly $250 million was allocated to large, publicly traded companies. One of those companies, Shake Shack, returned the $10 million it received under the PPP after public outcry. The Associated Press added that at least 94 companies that received PPP aid were publicly traded. The AP said those companies, or their subsidiaries, got a combined $365 million in low-interest, taxpayer-backed loans.The 40 biggest companies listed by Morgan Stanley that received PPP loans had market values ranging from $6 million to $405 million. Here are the 15 biggest companies that took PPP loans ranked by worth, as by Morgan Stanley.No. 1: DMC Global● Market value: $405 million● Loan amount: $6.7 millionNo. 2: Wave Life Sciences● Market value: $286 million● Loan amount: $7.2 millionNo. 3: MannKind● Market value: $273 million● Loan amount: $4.9 millionNo. 4: Lindblad Expeditions● Market value: $264 million● Loan amount: $6.6 millionNo. 5: Legacy Housing● Market value: $229 million● Loan amount: $6.5 millionNo. 6: Misonix● Market value: $198 million● Loan amount: $5.2 millionNo. 7: Digimarc● Market value: $192 million● Loan amount: $5 millionNo. 8: Fiesta Restaurant● Market value: $189 million● Loan amount: $10 millionNo. 9: OptiNose● Market value: $180 million● Loan amount: $4.4 millionNo. 10: Quantum Corp.● Market value: $151 million● Loan amount: $10 millionNo. 11: New Age Beverages● Market value: $137 million● Loan amount: $6.9 millionNo. 12: Aquestive Therapeutics● Market value: $122 million● Loan amount: $4.8 millionNo. 13: Escalade● Market value: $104 million● Loan amount: $5.6 millionNo. 14: ZAGG● Market value: $101 million● Loan amount: $9.4 millionNo. 15: Veritone● Market value: $101 million● Loan amount: $6.5 millionMost recentRecommended© 2022 Blaze Media LLC.All rights reserved.Get the news that matters most delivered directly to your inbox.By signing up to the Blaze News newsletter you agree to receive electronic communications from Blaze Media that may sometimes include advertisements or sponsored content.© 2022 Blaze Media LLC. All rights reserved.

Please verifyResetSubmitLike Blaze News? Get the news that matters most delivered directly to your inbox.When Congress passed and President Donald Trump signed the $2.2 trillion coronavirus stimulus package, one of the highlights by all sides was the Paycheck Protection Program. The $349 billion PPP emergency funding was designed to help our country's small smallest businesses stay open — think mom-and-pop shops — and help curtail massive nationwide layoffs. The program lets the Small Business Administration give loans to U.S. companies that can be forgiven, provided the companies retain...

public

Chris Field

theblaze.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Here are the 15 largest public companies helping drain hundreds of millions of bailout dollars meant for small businesses

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS