Some U.S. companies will keep small business loans, defying backlash [Reuters]
Digimarc Corporation (DMRC)
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Source: Reuters
Some U.S. companies will keep small business loans, defying backlash April 24 (Reuters) - Several publicly listed companies worth hundreds of millions of dollars said on Friday they had no plans to return funding they received under a U.S. government program providing emergency loans to small businesses, even though some of their peers have started to do so. The loans are designed to support smaller businesses - defined as having no more than 500 employees - ranging from hair dressers to landscapers to help cover employee payroll and rent, as large swaths of the economy have been shut down to keep the coronavirus from spreading. The U.S. Treasury Department said on Thursday that “big public companies with access to capital” would have a hard time proving they really needed the coronavirus relief funds, dubbed Paycheck Protection Program (PPP) loans. It updated its eligibility criteria, and gave companies that do not qualify until May 7 to return the aid. A handful of big public compan
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DMRC
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- DMRC's page on the SEC website