12-10-2020, 09:30 AM
Restaurants in general (including some well-known, well-capitalized ones) seem to have gotten a fair bit of PPP loans:
https://thecounter.org/mcdonalds-taco-be...-covid-19/
“I feel like the government only really recognized big businesses, big restaurant chains, the franchises,” said Amanda Cohen, a leader of the Independent Restaurant Coalition and owner of Dirt Candy in New York. “That’s who everybody felt like had the voice in Washington and was able to sort of put themselves forward.”
BC
https://thecounter.org/mcdonalds-taco-be...-covid-19/
Quote:The franchisees in our analysis received more than $1 billion total in PPP loans. However, they represent only a fraction of total relief: 255,050 restaurants borrowed a total of $30 billion through the program. Our analysis found that a quarter of the money went to just 1 percent of recipients.
“I feel like the government only really recognized big businesses, big restaurant chains, the franchises,” said Amanda Cohen, a leader of the Independent Restaurant Coalition and owner of Dirt Candy in New York. “That’s who everybody felt like had the voice in Washington and was able to sort of put themselves forward.”
BC
