HyreCar Receives $2 Million from 2020 CARES Act and Finalizes 2019 Annual Results
HyreCar Inc. (HYRE)
Last hyrecar inc. earnings: 3/25 04:10 pm
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Source: Business Wire
Company receives $2.0 million Paycheck Protection Program Loan from Chase; Rental Days begin trending up in early April LOS ANGELES--(BUSINESS WIRE)--HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and food/package delivery services, today updated its reported financial results and provided a corporate update for the fourth quarter and year ended December 31, 2019 and announced receipt of $2.0 Million in funds from the SBA Paycheck Protection Program.“We are pleased that our rental days have begun to increase in the second quarter post COVID-19 effects as our efforts to increase delivery services are beginning to show signs of traction. Helping our drivers transition into the fast-growing delivery businesses is having immediate effects during these changing times.” said Joe Furnari, Chief Executive Officer of HyreCar. “This is an affirmation of our great organization and the resiliency of our business model which has allowed us to rapidly leverage new opport
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