Nearly 300 public companies got more than $1 billion in stimulus funds, leaving some small businesses without, Post analysis shows
the funds, saying the loans had been awarded according to the program’s rules and that they would use most of it to pay workers, as required, in order for the loans to be forgiven.
Officials have urged publicly traded firms with access to other capital to return the money by May 7. Mnuchin said this week that all loans of more than $2 million“I want to be very clear it’s the borrowers who have criminal liability if they made this certification," of being a small business he said on CNBC.The Small Business Administration has refused to release the names of companies that have received the loans, despite having released such information on its loan programs for years.
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