How Big Business Grabbed Payroll Protection Funds So Fast
If recipient businesses avoid laying off staff for eight weeks, the loan can be forgiven. If they cant maintain their payrolls, they must repay it with1% interest. But before it did, a bunch of big companies scooped up their share. Typically, a business is considered small if it has fewer than 500 employees. You see where this is going? The chain has about 275 locations worldwide. Ruths Chris Steak House:Got $20 million in PPP funds, but later said it wouldreturn it....