The Lakers’ request was granted in the first round of distribution, but after the fund ran out of money in less than two weeks, the team returned its loan, as did several wealthier business including Shake Shack and AutoNation.The Lakers issued a statement Monday confirming what happened.“The Lakers qualified for and received a loan under the Payroll Protection Program,” the statement read. Feb. 2018

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The jet family has been grounded since March 2019 following two deadly crashes less than five months apart blamed on a faulty anti-stall system. Los Angeles Lakers Returned A $4.6 Million Government Bailout Intended For Small Businesses

Saving Our Selves: A BET COVID-19 Relief Effort Special The Lakers remain completely committed to supporting both our employees and our community.”The Treasury Department issued further guidance for the loan program last week, asking companies not to apply for the funds if they don’t need the cash to survive.The Lakers qualified for the program because they have only about 300 employees.

Lakers received, then returned, $4.6 million from coronavirus loan program One of NBA’s most valuable franchises applied for loan through measure to help aid small businesses in crisis

"Once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need," the team said on Monday (April 27) in a statement. The Lakers remain completely committed to supporting both our employees and our community.” Congress then authorized an additional $310 billion less than two weeks later.The Lakers’ recent announcement comes after other instances of large corporations receiving money meant for much smaller businesses who are struggling just to remain open.

Get Exclusive Tyler Perry Content and More With BET+ greatlakes-seaway.ca. The 737 Max production rate was cut for the third time this year, lowering Spirit's production to 72 jets from 125 jets in 2020, a reduction of more than 80% from 2019 production rates, the company said.

Michelle Obama Hilariously Breaks Down Why Melania Trump's Inauguration Gift Exchange Appeared So Awkward At least 13 companies, includtion Autonation – the owner of Ruth Chris Steak House and Shake Shack – have announced they will refund a total of more than $170 million it received. Spirit will reduce the headcount on its commercial-jet program by 1,100 employees, resulting in 450 new layoffs at its main Kansas facility after taking into account previous layoffs, reassigning employees to defense programs and temporary special projects building ventilators, and buyouts. By using this site you agree to the

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© 2020 BET Interactive, LLC, a wholly owned subsidiary of Black Entertainment Television LLC. The team’s top executives agreed to Boeing Co.'s supplier Spirit AeroSystems announced a fresh round of layoffs late Friday, pinning it on the latest production-rate cut for Boeing's 737 Max jets and the ongoing impact of the pandemic on new commercial aircraft and the airline industry in general.

Fans Will Not Be Happy About This Male R&B Singer Calling Out Beyoncé, SZA And Cardi B “However, once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need.

The Lakers encouraged players to get tested, and made it available on a voluntary basis, after four Brooklyn Nets tested positive for the virus Tuesday. James Conley III says the employees never apologized after they realized their mistake.

"Small businesses across the country have complained of being left out of the coronavirus-spurred loan program, which initiated $349 billion in funding. All rights reserved. BET Newsletters are subject to our The former FLOTUS also explained to Ellen Degeneres how Barack stepped in and saved the day. Spirit makes the 737 Max fuselage and other components. Associated Press The NBA’s Lakers, worth $4 billion, received a $4.6 million small business loan from the stimulus program Published: April 28, 2020 at 2:26 p.m.

"Our production rates for commercial aircraft have fallen from historic highs to significantly lower volumes in a matter of months," Chief Executive Tom Gentile said in a statement.

It's a Woman's World in American Gangster: Trap Queens The Los Angeles Lakers announced that they are returning a $4.6 million loan the organization received from the federal Paycheck Protection Program, intended to help small businesses stay afloat during the coronavirus pandemic.Despite being one of the richest National Basketball Association franchises, which The organization didn’t specify how they were deemed eligible for the loan, but they are now the largest organization to return money allocated under the Small Business Administration program.

"The Lakers remain completely committed to supporting both our employees and our community.

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French Montana: The American Dream “The Lakers qualified for and received a loan under the Payroll Protection Program,” the statement read.

"We are taking this action to better calibrate our employment level to the reduced demand we see from our customers." "The Lakers qualified for and received a loan under the Payroll Protection Program," the Lakers said in a statement to ESPN.

Jan. 2018 greatlakes-seaway.ca .

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