ProPublica logo design. Various Names, Exact Exact Same Target: How Large Businesses Got National Loans Designed For Small Enterprises
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The Paycheck Protection Program includes about $659 billion in federally supported loans to smaller businesses, to be forgiven if utilized to avoid laying down employees. Our database enables you to search whatвЂ™s been disclosed thus far.
Another big beneficiary associated with the small-business system had been Las Vegas-based Maverick Gaming, which was for a spree that is casino-buying supported by hedge funds, because it established. The organization has and runs 26 gambling enterprises across three states. The business ended up being respected at about $1 billion, Maverick CEO and owner Eric Persson told the trade mag worldwide Gaming company this past year.
SBA information shows upward of $46 million planning to MaverickвЂ™s businesses, most of the loans arranged because of the bank that is same. Persson, reached by phone, declined to comment.
Vibra, from the base in Mechanicsburg, Pennsylvania, focuses on hospitals that offer вЂњpost-acuteвЂќ care to recovering clients. Its CEO, Brad Hollinger, has drawn on VibraвЂ™s success in order to become a person on the worldwide circuit that is racing HeвЂ™s an important shareholder of this Uk Formula One group Williams Racing. (more…)