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

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. :eusa_hand:

Five big ones payable to Pogo's Law.
 
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?

I haven't made a claim about wrong doing - yet. The point is - the Dems are right. This needs independent oversight, that you guys resist! People who need this money aren't getting it. The real small business!
 
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.
I've read that they have a bigger connection to obama,,,
 
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. :eusa_hand:

And you need to open your eyes and ears and consider how corrupt trump has been, in business, in office and in being honest.
 
WTF is the obsession with ice cream about?

Cult45 has a short attention span, just like their leader.

Kind of a strange reference to price too. I never thought about it much but if I buy ice cream it works out to about ten bucks a quart, and this is an area with cheap groceries. Would have thought a cult worshiping an obese leader might have a better idea how much ice cream costs.
 
Wow. Just amazing. And Shake Shack, got $10 million, and has ties to Democrats. I wonder how many more can be linked back to both parties?
 
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 .
 
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.

I'm curious....have you ever once pitched a bitch about the $100B per year spent on the Democrats pet wetbacks...If no, should we find you credible in matters such as these?
 
Wow. Just amazing. And Shake Shack, got $10 million, and has ties to Democrats. I wonder how many more can be linked back to both parties?

Certainly possible there are many. AND AGAIN - this brings us back to the real problem with the initial bill - very loose definitions on what constitutes a "small business" and poor oversight. And the Republicans absolutely opposed adding greater oversight or tightening the language. As soon as they began on the bills lobbyists flooded the capital to lobby for their share.

In the meantime a lot of genuine small business' can't get anything.
 
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.

I'm curious....have you ever once pitched a bitch about the $100B per year spent on the Democrats pet wetbacks...If no, should we find you credible in matters such as these?


Who cares? We are discussing the stimulus money to small business'. Not your pet project.
 
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.
 
Think the point was about oversight. that said where did the billions of dollars handed out in record time go? how many of you little guys on the money scale have gotten any money? Don't mean the 1,200 dollars that's just penny's not even a months salary at min wage.
 
Think the point was about oversight. that said where did the billions of dollars handed out in record time go? how many of you little guys on the money scale have gotten any money? Don't mean the 1,200 dollars that's just penny's not even a months salary at min wage.

Thank you. It was. And it was about a badly written bill gifting large multi-million dollar publicly traded companies while the real small business' are having to go without.
 
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.
Yeah.
You realize that the reason other businesses could not receive theirs is because twice the PPE has been stuck in Congress? Because Democrats were far more interested in tacking on all manner of pork and items in no way related to the Wuhanvirus.
 
WTF is the obsession with ice cream about?

Cult45 has a short attention span, just like their leader.

Kind of a strange reference to price too. I never thought about it much but if I buy ice cream it works out to about ten bucks a quart, and this is an area with cheap groceries. Would have thought a cult worshiping an obese leader might have a better idea how much ice cream costs.

They don't care how much it costs. They use anything to throw a cheap barb at the other political tribe.
 
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.
 
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.

I'm curious....have you ever once pitched a bitch about the $100B per year spent on the Democrats pet wetbacks...If no, should we find you credible in matters such as these?


Who cares? We are discussing the stimulus money to small business'. Not your pet project.

As am I....My point, you have proven that you don't really care about how or where taxpayer monies are directed / appropriated. NOBODY even half sane and or fiscally responsible could agree with forcing good Americans to pay Mexico's filth to invade and ruin our nation....NOBODY.
Why would you think you can pretend you care about spending and expect to be taken seriously?
 
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.

I'm curious....have you ever once pitched a bitch about the $100B per year spent on the Democrats pet wetbacks...If no, should we find you credible in matters such as these?


Who cares? We are discussing the stimulus money to small business'. Not your pet project.

As am I....My point, you have proven that you don't really care about how or where taxpayer monies are directed / appropriated. NOBODY even half sane and or fiscally responsible could agree with forcing good Americans to pay Mexico's filth to invade and ruin our nation....NOBODY.
Why would you think you can pretend you care about spending and expect to be taken seriously?

I'm not obsessed with anti-immigrant hate. You can think what you like, but take it to another thread if you want to discuss immigration money. There are many areas of spending where we disagree. I'm sure you approve of some spending I do not.

You clearly don't seem bothered by the fact that small business are not getting the promised money and large publicly traded companies are getting a disproportionate share of what is supposed to be for small business.
 

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