Company With Ties To Trump Receives Millions From Small Business Loan Program

[Coyote]

This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?

Company With Ties To Trump Receives Millions From Small Business Loan Program

Many businesses have struggled to get any money from the Paycheck Protection Program. But a company owned by a prominent Chicago family received a $5.5 million loan.

www.npr.org

While many small businesses have found it difficult or impossible to get one of the Small Business Administration's Paycheck Protection Program loans, a company owned by a prominent Chicago family with close ties to the Trump administration was able to get a $5.5 million loan under the program, according to documents the company filed with the Securities and Exchange Commission on Monday.

U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1% interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

Still, the company's loan is much larger than the typical PPP loan, according to a summary releasedby the Small Business Administration last week. The average loan was just over $200,000, and fewer than 1% of the loans under the program were greater than $5 million.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

 

[Correll]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

 

[Coyote]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

Key Terms for those suffering TDS (Trump Defense System): Independent Oversight.

 

[Correll]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

Key Terms for those suffering TDS (Trump Defense System): Independent Oversight.

Key Term for you, how about cutting and pasting the part of the article that showed any actual hint of anything wrong?

 

[BluesLegend]

Company With Ties To Trump Receives Millions From Small Business Loan Program

So what. You people have no problem with your Dem politicians in congress getting rich off the same programs. You are in no position to point a finger at Trump. Consider that before starting such a thread.

 

[BULLDOG]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

This isn't just some random company that happened to have ties to Trump. It is his Campaign Finance Chair for Illinois, and the man he named as ambassador to Belgium, and the company did more than 100 million dollars of business last year who got 5.5 million by claiming to be a small business. Everything and everybody associated with that obese orange fool turns out to be a scam taking money from people who really deserve it.

 

[WTH_Progs?]

I heard we're bailing out companies Obama has interest in too. Fucking Obama, he's not orange but he's black, and black is the color of evil and stuff.

 

[WTH_Progs?]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

This isn't just some random company that happened to have ties to Trump. It is his Campaign Finance Chair for Illinois, and the man he named as ambassador to Belgium, and the company did more than 100 million dollars of business last year who got 5.5 million by claiming to be a small business. Everything and everybody associated with that obese orange fool turns out to be a scam taking money from people who really deserve it.

Why do you consistently say things that cannot possibly be true only to make yourself feel better about your poor disposition?

 

[Correll]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

This isn't just some random company that happened to have ties to Trump. It is his Campaign Finance Chair for Illinois, and the man he named as ambassador to Belgium, and the company did more than 100 million dollars of business last year who got 5.5 million by claiming to be a small business. Everything and everybody associated with that obese orange fool turns out to be a scam taking money from people who really deserve it.

Ok, now show that A other big businesses are not doing the same, and the B. Trump or someone close to him had any involvement.


Otherwise, it's a nothing burger.

 

[BULLDOG]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

This isn't just some random company that happened to have ties to Trump. It is his Campaign Finance Chair for Illinois, and the man he named as ambassador to Belgium, and the company did more than 100 million dollars of business last year who got 5.5 million by claiming to be a small business. Everything and everybody associated with that obese orange fool turns out to be a scam taking money from people who really deserve it.

Why do you consistently say things that cannot possibly be true only to make yourself feel better about your poor disposition?

Which part do you doubt? Details on who the guy is and how much the company made are in the OP dumb ass

 

[okfine]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

You seem to know who he does business with. Lets hear it?

 

[Maxdeath]

So I suppose if we could find a person that worked as a Gardner for Trump and was let go ten years ago they should not get a small business loan as a gardening business because he had ties to Trump ten years ago. Come on desperate much.

 

[BULLDOG]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

This isn't just some random company that happened to have ties to Trump. It is his Campaign Finance Chair for Illinois, and the man he named as ambassador to Belgium, and the company did more than 100 million dollars of business last year who got 5.5 million by claiming to be a small business. Everything and everybody associated with that obese orange fool turns out to be a scam taking money from people who really deserve it.

Ok, now show that A other big businesses are not doing the same, and the B. Trump or someone close to him had any involvement.


Otherwise, it's a nothing burger.

The fact that big companies were quickly given all the money, leaving none for real small businesses doesn't justify anything. WTF is wrong with you to think that it would?

 

[Admiral Rockwell Tory]

This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?

Company With Ties To Trump Receives Millions From Small Business Loan Program

Many businesses have struggled to get any money from the Paycheck Protection Program. But a company owned by a prominent Chicago family received a $5.5 million loan.

www.npr.org

While many small businesses have found it difficult or impossible to get one of the Small Business Administration's Paycheck Protection Program loans, a company owned by a prominent Chicago family with close ties to the Trump administration was able to get a $5.5 million loan under the program, according to documents the company filed with the Securities and Exchange Commission on Monday.

U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1% interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

Still, the company's loan is much larger than the typical PPP loan, according to a summary releasedby the Small Business Administration last week. The average loan was just over $200,000, and fewer than 1% of the loans under the program were greater than $5 million.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

Blame Nancy because she won't come back to DC. I guess she doesn't have $13.00 a quart ice cream in the freezer there.

 

[EvilCat Breath]

This is from npr so it's questionable at best. Even with trying to bury the facts npr had to admit that the company met the criteria. They did use the money to pay employees.

Hopefully some of those Chicago employees are democrats who now understand that it's democrats that want them out on the street.

 

[Pogo]

This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?

Company With Ties To Trump Receives Millions From Small Business Loan Program

Many businesses have struggled to get any money from the Paycheck Protection Program. But a company owned by a prominent Chicago family received a $5.5 million loan.

www.npr.org

While many small businesses have found it difficult or impossible to get one of the Small Business Administration's Paycheck Protection Program loans, a company owned by a prominent Chicago family with close ties to the Trump administration was able to get a $5.5 million loan under the program, according to documents the company filed with the Securities and Exchange Commission on Monday.

U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1% interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

Still, the company's loan is much larger than the typical PPP loan, according to a summary releasedby the Small Business Administration last week. The average loan was just over $200,000, and fewer than 1% of the loans under the program were greater than $5 million.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

This is empirical evidence but in a conversation this morning with a small business owner here, they didn't know any business in town, literally not one, that's gotten anywhere with the small business loan program, if it exists. A few folks have received their stimulus payments but based on the same survey most have not.

Meanwhile it's instructive that the same USMB wags who spend the day whining about the economy being affected, nevertheless waddle in here and laugh at, or "dislike" the fact that said businesses can't get their lifelines. Tells us a lot about what their real agenda isn't.

 

[Coyote]

Again: oversight! Why are these business' getting such HUGE amounts, while way too many genuinely small business' not getting ANYTHING?

Ans: Lobbyists pushing for them and political influence.

Some Not-So-Small Companies Are Getting Small-Business Loans Under PPP

The government's $349 billion Paycheck Protection Program had to be thrown together quickly, and the criteria for which companies can receive benefits were kept loose.

www.npr.org

The Paycheck Protection Program, or PPP as it has come to be known, was a relief program passed by Congress. It was thrown together quickly in an effort to stem the huge wave of layoffs sweeping through the economy. So saving jobs was a priority. But the criteria for qualifying for the loans was kept unusually loose.

 

[Pogo]

Trump has ties to huge numbers of people in business. ANd you found one that got money from a program designed to hand out money?


Shocking.

Key Terms for those suffering TDS (Trump Defense System): Independent Oversight.

ESPECIALLY on an orange klown who literally ran for President while being sued for fraud.

 

[Pogo]

This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?

Company With Ties To Trump Receives Millions From Small Business Loan Program

Many businesses have struggled to get any money from the Paycheck Protection Program. But a company owned by a prominent Chicago family received a $5.5 million loan.

www.npr.org

While many small businesses have found it difficult or impossible to get one of the Small Business Administration's Paycheck Protection Program loans, a company owned by a prominent Chicago family with close ties to the Trump administration was able to get a $5.5 million loan under the program, according to documents the company filed with the Securities and Exchange Commission on Monday.

U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1% interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

Still, the company's loan is much larger than the typical PPP loan, according to a summary releasedby the Small Business Administration last week. The average loan was just over $200,000, and fewer than 1% of the loans under the program were greater than $5 million.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

Blame Nancy because she won't come back to DC. I guess she doesn't have $13.00 a quart ice cream in the freezer there.

Oh I see. "Nancy" has to sign all the small business loan checks, does she.

WTF is the obsession with ice cream about?

 

[Tumblin Tumbleweed]

This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?

Company With Ties To Trump Receives Millions From Small Business Loan Program

Many businesses have struggled to get any money from the Paycheck Protection Program. But a company owned by a prominent Chicago family received a $5.5 million loan.

www.npr.org

While many small businesses have found it difficult or impossible to get one of the Small Business Administration's Paycheck Protection Program loans, a company owned by a prominent Chicago family with close ties to the Trump administration was able to get a $5.5 million loan under the program, according to documents the company filed with the Securities and Exchange Commission on Monday.

U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1% interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

Still, the company's loan is much larger than the typical PPP loan, according to a summary releasedby the Small Business Administration last week. The average loan was just over $200,000, and fewer than 1% of the loans under the program were greater than $5 million.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

Wolves guarding the hen house. This is a surprise to no one.