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

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


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
So, a guy worked for a company and resigned from it two years ago to go into the Trump admin.......................and two years later that company applies for a loan to pay it's employees during a pandemic, you claim that is "ties to Trump".


You are a pathetic troll. :iyfyus.jpg:
no - like most people more than likely didn't go deep into the details. IF this is correct then it kinda proves my point. people see headlines and put in their own story. that's why headlines are so poorly written anymore.


Actually...part of he problem HERE is people not reading past the headline but not in the way you think.

My OP's original content portion is duly ignored because - like a matador with a red cape - people are only capable of focusing on "TRUMP" and use that as a deflection to ignore the larger issues despite repeated commentary and other linked articles.

If the article title had been Company With Ties To Biden Receives Millions From Small Business Loan Program - how do you think this thread would be going?

The point is - the Dems (and Pelosi) were right. We needed strong independent oversight, stricter language defining a "small business" and greater accountability. The language is weak in that regard. The Republicans (and Trump) said "no". Trump specifically said he did not feel bound by it. So now we are repeating the mistakes of the first stimulus bill under Obama only it's a lot more money.
where was this oversight when obama was giving billions to the world to combat "global warming"?

i'll be glad to take this deeper and address other points but so far you dance around this simple question.

in the immortal words of breakfast club "IF YOU'D JUST ANSWER THE QUESTION, CLAIRE!!!"

it is my position you're hypocritical and this is my illustration of it. i'm open to why this is different but when you ignore it, it only makes me more curious.

you're pissed cause trump did it and this is todays reason to be pissed at trump. doesn't matter the left did the exact same shit, you'll say FOCUS ON TRUMP and i say FOCUS ON THE ISSUE.

i don't give a shit about the people doing it. i care whether or not the actions themselves are right or wrong. you put right or wrong with how you like people and to me that is WRONG.

as for stopping BUT OBAMA - again - i said trump was being abused by the left and the VERY FIRST THING YOU SAID WAS

BUT OBAMA

yet if i do it to reference an exact specific point, i'm wrong. why can you do it and i can't? and how do you not see this is what you're doing?
 
Last edited:
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
So, a guy worked for a company and resigned from it two years ago to go into the Trump admin.......................and two years later that company applies for a loan to pay it's employees during a pandemic, you claim that is "ties to Trump".


You are a pathetic troll. :iyfyus.jpg:
no - like most people more than likely didn't go deep into the details. IF this is correct then it kinda proves my point. people see headlines and put in their own story. that's why headlines are so poorly written anymore.


Actually...part of he problem HERE is people not reading past the headline but not in the way you think.

My OP's original content portion is duly ignored because - like a matador with a red cape - people are only capable of focusing on "TRUMP" and use that as a deflection to ignore the larger issues despite repeated commentary and other linked articles.

If the article title had been Company With Ties To Biden Receives Millions From Small Business Loan Program - how do you think this thread would be going?

The point is - the Dems (and Pelosi) were right. We needed strong independent oversight, stricter language defining a "small business" and greater accountability. The language is weak in that regard. The Republicans (and Trump) said "no". Trump specifically said he did not feel bound by it. So now we are repeating the mistakes of the first stimulus bill under Obama only it's a lot more money.


Actually it's not more money, the PPP is 349 billion. Also the business in question has fewer than 500 employees and is qualified for the loan, stop the bitching already.

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


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

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


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.
and that sucks. i know of (3) small town barber shops in a friends hometown that went under because they couldn't work for so long. been there for a decade or more - poof.
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.

Well, in the case of the ex-felon who turned his life around, it's wouldn't be unheard of for him to have others who work with/for him; booking agents, etc, who fall into the equation...
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
So, a guy worked for a company and resigned from it two years ago to go into the Trump admin.......................and two years later that company applies for a loan to pay it's employees during a pandemic, you claim that is "ties to Trump".


You are a pathetic troll. :iyfyus.jpg:
no - like most people more than likely didn't go deep into the details. IF this is correct then it kinda proves my point. people see headlines and put in their own story. that's why headlines are so poorly written anymore.


Actually...part of he problem HERE is people not reading past the headline but not in the way you think.

My OP's original content portion is duly ignored because - like a matador with a red cape - people are only capable of focusing on "TRUMP" and use that as a deflection to ignore the larger issues despite repeated commentary and other linked articles.

If the article title had been Company With Ties To Biden Receives Millions From Small Business Loan Program - how do you think this thread would be going?

The point is - the Dems (and Pelosi) were right. We needed strong independent oversight, stricter language defining a "small business" and greater accountability. The language is weak in that regard. The Republicans (and Trump) said "no". Trump specifically said he did not feel bound by it. So now we are repeating the mistakes of the first stimulus bill under Obama only it's a lot more money.
No, the "ties" your idiotic link is trying to push is complete bullshit.
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.
and that sucks. i know of (3) small town barber shops in a friends hometown that went under because they couldn't work for so long. been there for a decade or more - poof.


If it were me, I'd offer to do house calls for my customers. A barber can carry all his tools in a brief case.

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


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.

Well, in the case of the ex-felon who turned his life around, it's wouldn't be unheard of for him to have others who work with/for him; booking agents, etc, who fall into the equation...


They would be qualified for unemployment also, they would most likely be contract workers as well.

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


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.
and that sucks. i know of (3) small town barber shops in a friends hometown that went under because they couldn't work for so long. been there for a decade or more - poof.


If it were me, I'd offer to do house calls for my customers. A barber can carry all his tools in a brief case.

.
i know some who have. my nephew cuts hair for a living and he's just making do and working where he can til he can go back to his customers.
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
So, a guy worked for a company and resigned from it two years ago to go into the Trump admin.......................and two years later that company applies for a loan to pay it's employees during a pandemic, you claim that is "ties to Trump".


You are a pathetic troll. :iyfyus.jpg:
no - like most people more than likely didn't go deep into the details. IF this is correct then it kinda proves my point. people see headlines and put in their own story. that's why headlines are so poorly written anymore.


Actually...part of he problem HERE is people not reading past the headline but not in the way you think.

My OP's original content portion is duly ignored because - like a matador with a red cape - people are only capable of focusing on "TRUMP" and use that as a deflection to ignore the larger issues despite repeated commentary and other linked articles.

If the article title had been Company With Ties To Biden Receives Millions From Small Business Loan Program - how do you think this thread would be going?

The point is - the Dems (and Pelosi) were right. We needed strong independent oversight, stricter language defining a "small business" and greater accountability. The language is weak in that regard. The Republicans (and Trump) said "no". Trump specifically said he did not feel bound by it. So now we are repeating the mistakes of the first stimulus bill under Obama only it's a lot more money.
where was this oversight when obama was giving billions to the world to combat "global warming"?

What bill are you referring to?

If you want to make a MEANINGFUL comparison - compare it to the 2008 stimulus bill - which WAS problematic. Don't you think we should have LEARNED from that mistake and done a better job this time?


i'll be glad to take this deeper and address other points but so far you dance around this simple question.

in the immortal words of breakfast club "IF YOU'D JUST ANSWER THE QUESTION, CLAIRE!!!"

it is my position you're hypocritical and this is my illustration of it. i'm open to why this is different but when you ignore it, it only makes me more curious.

I've been bombarded with posts and questions and I'm only one person arguing my side in this thread. So what specific question do you refer to?

you're pissed cause trump did it and this is todays reason to be pissed at trump. doesn't matter the left did the exact same shit, you'll say FOCUS ON TRUMP and i say FOCUS ON THE ISSUE.

I'm pissed because I supported what the Dems wanted in this bill - and not only is this not happening, Trump has stated that he doesn't feel bound by the restrictions in the bill. WTF? Now you are telling that this should not matter? Or Trump has nothing to do with it? Or we need to go back 8 years and try to find something comparable that Obama did and get righteously pissed about it? This is happening now and we could'v should'v learned from the 2008 stimulus mistakes.

But it seems like we are not allowed to make it about Trump...ever? :dunno:



i don't give a shit about the people doing it. i care whether or not the actions themselves are right or wrong. you put right or wrong with how you like people and to me that is WRONG.

I totally disagree with you. I'm trying to discuss actions here and everyone, including you, is trying to make it all about Trump and claiming he only reason we bring it up is we hate Trump. What kind of playing field does that set for discussion? You are effectively saying if I mention Trump specifically, it's because I hate him, not the policy. When I pointed out the issue of migrant children - I was very specific on policy and you still (unless I missed the post which I will go back and look to see) can't quite condemn it because you think it's comparable to the Obama Administration's policies when it's not. Not at all. There are plenty of things to criticize Obama for (like spying on the media) - but this isn't one of them. This is Trump's policy - created by and defended by his administration. But instead of just saying "hey - this is wrong" (assuming you feel that way) you keep saying "you're unfairly singling out Trump" ....and "but Obama".

as for stopping BUT OBAMA - again - i said trump was being abused by the left and the VERY FIRST THING YOU SAID WAS

BUT OBAMA

yet if i do it to reference an exact specific point, i'm wrong. why can you do it and i can't? and how do you not see this is what you're doing?

Ok. Fair enough. Let's see if we can both refrain from bringing in Obama. :)
 
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This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.

Well, in the case of the ex-felon who turned his life around, it's wouldn't be unheard of for him to have others who work with/for him; booking agents, etc, who fall into the equation...


They would be qualified for unemployment also, they would most likely be contract workers as well.

.

Well, in this case, it was noted by his accountant that he was disqualified because he had a felony record, not because he was a self-employed contract worker...
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
Lone Star...I am your mother's sister's nephew's former roommate

Well then Dark Helmet... what does that make us?

Absolutely nothing Lone Star...which is the exact factual content of this OP that links this loan to Trump .

:lol: you mean the op sounds a lot like most of what you guys post about Biden?

It is factual that family owning this business has strong ties to Trump. That's usually enough "fact" for the right.
I expect better from you. You're supposed to be one of the sane ones.

If you're telling me you're no better than the lowest political denominator I'll take you at your word...but that was not my prior position.


That is a fair point. Sometimes the low bar here gets to me and a slap is what I need.

My point here, really, is that this bill was poorly constructed. Everyone - Trump, Dem, and Republican - are influenced by lobbyists and I'm sure that allowed for the loose language in what is defined as a small business. In this area - trying to tighten it and impose greater oversight, the Dems were absolutely right. It's to bad they were unable to get more of what they wanted in that regard. As a result - the real small business' are getting crumbs, if anything at all. The second article I posted (from the same source) is even more damning and doesn't mention Trump.
Happens to me too...I get frustrated by the talking point wars.

Your one of the good ones...when I read your posts I take them under consideration...and you've changed my opinion in the past. You and Care4all Pogo Dr Grump g5000 bodecea sealybobo Seawytch jillian Toro... And a bunch of others... You guys give me an honest insight from the other side. :thup:

Trust me...we all need that.
honest insight form that group? other than coyote you just named off a lot of my ignore list. they don't talk issues, they tell you you're wrong. not saying others don't do that but i've likely got those people "ignored" also.

we certainly need honest insight but you won't find honesty from someone who's never been wrong.
Just because they think they're right doesn't mean they aren't being honest. I think I only have Mr Shaman on ignore...he had a posting style that just got on my last nerve.

If you honestly believe what you're saying...and not just regurgitating talking points to score political points..those are the folks I want to hear from...cuz I'm not always right...and we can both be right....from our own perspective.


The only two questions that should be asked in this thread is, were any laws were broken, and is anyone who might have a relationship with Trump a political figure?

.
Why?
Why should we be limited by laws being broke which effectively shuts down conversation about a badly written bill?


A badly written bill? Funny I didn't see anything about a badly written bill in your title. I guess that wasn't really the conversation you wanted to have, was it?

.

Did you read the OP?

Don’t bother to answer. You did not.

Actually I did, it didn't say anything about a badly written bill. I just said fewer than 1% of the loans exceeded 5 million. So what's your point?

.
No. You did not.

This was my commentary (original content) part (at the beginning of the post):

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


Still don't see anything about a bad bill. Did you just pull that out of you a$$? BTW, if it was a bad bill you can blame palousey for not fixing it while she held it up for more than a week.

.

oh yes...blame it all on Pelosi. Nothing to do with the Republicans who refused to accept all the stricter requirements...or Trump who stated he didn’t need to abide by the requirement for independent oversight.

talk about pulling it out of your ass.
where was Obama oversight on global warming funding?

yes this will be a common question until addressed.

What specific bill are you talking about? (and note - this is another "but Obama" moment)
 
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.
A "small business" is defined to be one with under 500 employees. 100 million in revenues wouldn't be unusual for such a company.

Should be.
Based on what, dumbass?

100 million in revenues is not a SMALL BUSINESS
500 employees is considered small business by the SBA, dingbat.

Yes, I know that ass hole. 100 million in receipts is considered a small business too. We both know that is not a small business, no matter what the SBA says. A small business is small.
Is that like a "fair share" of taxes? 'Living wage"?

How much in receipts is too much for a small business?

100 million is WAY too much for a small business.

Ya, you'd think so.
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.

Why aren't you complaining about Ruth's Cris?

They have over 6,000 employees, had over $400 million in sales last year, and they secured over $20,000,000 in small business relief.

Kinda' dwarfs the example you're whining about, doesn't it?

As for what smaller businesses haven't received any relief, I read an article this morning which talked about a guy named Damon West who'd been convicted of murder, sentenced to prison in 2009, got paroled in 2015 and turned his life around and became a motivational and key note speaker. He applied for the loan because he could no longer travel.

His criminal record precluded him from getting the loan.

A question on the application form asked whether, within the last 5 years, he had been convicted of or pleaded guilty or no contest to a felony or "been placed on any form of parole or probation." Another asked whether anyone who owns at least 20% of the company was incarcerated, under indictment, on probation or parole. If so, they are ineligible.

Criminal records shut small biz owners out of aid program

There could be any number of reasons someone is denied a loan. This is just one example...


He would be eligible to collect unemployment.

.

Perhaps.

But we're not discussing unemployment...


The dude isn't a business, he's a contract worker.

.

Are you suggesting that people who are self-employed contract workers are not eligible?

Because I know a lot of self-employed photographers who would disagree with you...


One person shops aren't eligible, but they are eligible for unemployment which wasn't the case in the past.

.
and that sucks. i know of (3) small town barber shops in a friends hometown that went under because they couldn't work for so long. been there for a decade or more - poof.


We have a lot of small, really small business' here. I dread when things re-open, walking down town and seeing who's still there :(
 
This is why we need independent oversight for these vast sums of money going out...100 million in sales and still a "small business"....?


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.
Lone Star...I am your mother's sister's nephew's former roommate

Well then Dark Helmet... what does that make us?

Absolutely nothing Lone Star...which is the exact factual content of this OP that links this loan to Trump .

:lol: you mean the op sounds a lot like most of what you guys post about Biden?

It is factual that family owning this business has strong ties to Trump. That's usually enough "fact" for the right.
I expect better from you. You're supposed to be one of the sane ones.

If you're telling me you're no better than the lowest political denominator I'll take you at your word...but that was not my prior position.


That is a fair point. Sometimes the low bar here gets to me and a slap is what I need.

My point here, really, is that this bill was poorly constructed. Everyone - Trump, Dem, and Republican - are influenced by lobbyists and I'm sure that allowed for the loose language in what is defined as a small business. In this area - trying to tighten it and impose greater oversight, the Dems were absolutely right. It's to bad they were unable to get more of what they wanted in that regard. As a result - the real small business' are getting crumbs, if anything at all. The second article I posted (from the same source) is even more damning and doesn't mention Trump.
Happens to me too...I get frustrated by the talking point wars.

Your one of the good ones...when I read your posts I take them under consideration...and you've changed my opinion in the past. You and Care4all Pogo Dr Grump g5000 bodecea sealybobo Seawytch jillian Toro... And a bunch of others... You guys give me an honest insight from the other side. :thup:

Trust me...we all need that.
honest insight form that group? other than coyote you just named off a lot of my ignore list. they don't talk issues, they tell you you're wrong. not saying others don't do that but i've likely got those people "ignored" also.

we certainly need honest insight but you won't find honesty from someone who's never been wrong.
Just because they think they're right doesn't mean they aren't being honest. I think I only have Mr Shaman on ignore...he had a posting style that just got on my last nerve.

If you honestly believe what you're saying...and not just regurgitating talking points to score political points..those are the folks I want to hear from...cuz I'm not always right...and we can both be right....from our own perspective.


The only two questions that should be asked in this thread is, were any laws were broken, and is anyone who might have a relationship with Trump a political figure?

.
Why?
Why should we be limited by laws being broke which effectively shuts down conversation about a badly written bill?


A badly written bill? Funny I didn't see anything about a badly written bill in your title. I guess that wasn't really the conversation you wanted to have, was it?

.

Did you read the OP?

Don’t bother to answer. You did not.

Actually I did, it didn't say anything about a badly written bill. I just said fewer than 1% of the loans exceeded 5 million. So what's your point?

.
No. You did not.

This was my commentary (original content) part (at the beginning of the post):

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


Still don't see anything about a bad bill. Did you just pull that out of you a$$? BTW, if it was a bad bill you can blame palousey for not fixing it while she held it up for more than a week.

.

oh yes...blame it all on Pelosi. Nothing to do with the Republicans who refused to accept all the stricter requirements...or Trump who stated he didn’t need to abide by the requirement for independent oversight.

talk about pulling it out of your ass.
where was Obama oversight on global warming funding?

yes this will be a common question until addressed.

What specific bill are you talking about? (and note - this is another "but Obama" moment)

$500 million - did we have oversight?

the entire plan called for $2.5 billion to be transferred to the fund. what were the countries to get it supposed to do? well use it to combat global warming.

there were no goals. there were no penalties. just handing over money.

i never saw you once cry out how we can give billions away and not keep track of what they do with it. yet when trump does it in a time of honest crisis - this happens. ALL OF THIS.

only way it makes sense is you hate trump and this is a good reason to bitch at him.
 
I'm taking a gig as a bartender at my buddy's place when they announce that bars can fully re-open. That'll be a fuckin' madhouse, and every bar owner in town is trying to figure out the best way to deal with the crowds, because they're expected to be substantial.

The last time our bars closed for any length of time, after Hurricane Matthew, bartenders at my buddy's bar were averaging $400-$500 a night...
 
I'm taking a gig as a bartender at my buddy's place when they announce that bars can fully re-open. That'll be a fuckin' madhouse, and every bar owner in town is trying to figure out the best way to deal with the crowds, because they're expected to be substantial.

The last time our bars closed for any length of time, after Hurricane Matthew, bartenders at my buddy's bar were averaging $400-$500 a night...
My best friends are bartenders
 
Yea....Trump should do something more for the economy like set up a shell of an alternative energy company, staff it with cronies, and pay them out on the taxpayer dime.
 
I'm taking a gig as a bartender at my buddy's place when they announce that bars can fully re-open. That'll be a fuckin' madhouse, and every bar owner in town is trying to figure out the best way to deal with the crowds, because they're expected to be substantial.

The last time our bars closed for any length of time, after Hurricane Matthew, bartenders at my buddy's bar were averaging $400-$500 a night...
My best friends are bartenders

I won't say that mine are bartenders, but they're almost all in the bar/restaurant industry.

As an aside, a friend of mine is a chef at a high-end downtown hotel. When they were told they would have to close, the restaurant manager had to decide what to do with all of the food they had for their restaurant. They rarely freeze anything and, when they do, they don't leave it frozen for long.

Anyway, they gave the food to the chefs, bartenders and servers who work in the restaurant. We're talking lobster, crab, filets so big they'll make ya' cry, stuff like that.

Needless to say, when my friend invites me over for dinner, I rarely tell her no...
 

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