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Oops: Treasury asks public companies to return coronavirus loans

23 Apr 2020

Publicly traded companies had claimed around $600 million worth of the $350 billion Paycheck Protection Program.

Just last week, Treasury Secretary Steven Mnuchin proudly touted the federal government’s $350 billion Paycheck Protection Program as an “unprecedented” success. Over the course of just two weeks, he said, Treasury had coordinated with the Small Business Administration to provide loans to 1.6 million businesses across the U.S.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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