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Tech companies, research institutes cash in on federal loan program

Original post made on Jul 8, 2020

Research institutes, tech companies and hotels were among Midpeninsula's biggest beneficiaries of the federal Paycheck Protection Program, with some recipients getting loans of over $5 million, according to data released this week.

Read the full story here Web Link posted Wednesday, July 8, 2020, 1:22 PM

Comments (3)

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Posted by Greg David
a resident of Old Mountain View
on Jul 8, 2020 at 10:17 pm

This article has failed to point out any business that has received PPP funds in violation of the guidelines of the SBA PPP program. Just because they received money does not mean they were not eligible or in need of these funds to keep the business viable and employees paid. This is simply simply sloppy, sensationalist journalism. There are without a doubt companies that have accepted PPP funds that were not eligible, that should pay those funds back, but simply posting a list of who got what does not help this situation.

2 people like this
Posted by Gary
a resident of Sylvan Park
on Jul 8, 2020 at 11:19 pm

Sure, the next question is: WHAT DID THEY DO WITH THE MONEY?

2 people like this
Posted by Gary
a resident of Sylvan Park
on Jul 8, 2020 at 11:20 pm

Not some of the money. Each dollar. Keep the change.

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