Los Angeles Lakers Ppp Loan

Treasury rolled out its latest paycheck protection program ppp funding to rescue small to medium sized businesses smbs the los angeles lakers returned 4 6 million to the fund. Coronavirus live updates the 3 7 billion nba franchise and a handful of businesses are returning money they received. Los angeles the los angeles lakers have returned approximately 4 6 million that they received from a federal government program intended to help.

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La lakers got a ppp small business loan but the team is returning money.

Los angeles lakers ppp loan. The los angeles lakers has repaid a 4 6 million coronavirus relief loan the professional basketball organization received as part of the federal government s paycheck protection program. The los angeles lakers received a 4 6 million loan through the paycheck protection program meant for small businesses. The lakers were eligible for a ppp loan.

The lakers applied for and received a loan of about 4 6 million under the stimulus package that congress passed in march but the team says it returned the money to the federal government. After a public outcry the nba team and a handful of other large companies.

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