Companies linked to Gov. Newsom received nearly $3 million in PPP loans
(From SaraCarter.com)
According to reports by the SBA, one company received a loan for $918,720 on April 14, 2020. The SBA requires at least 60% of the loan be used to cover employee wages. This company had 14 employees. Hypothetically, if divided equally, each employee would received around $40,000 to cover their salary over a three month period – that would amount to an annual salary of around $160,000 per employee.
This article was originally posted here: https://www.ac2news.com/2020/12/companies-linked-to-gov-newsom-received-nearly-3-million-in-ppp-loans/.
