Firms with Trump links or worth $100 million got small business loans [MSNBC.com]
Morgan Stanley (MS)
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Source: MSNBC.com
The government's $349 billionsmall business lending programWhile the government has not yet identified the entities that received the funding under the program, an in-depth analysis of almost 200 recipients by NBC raises questions about some of them.The analysis shows three companies with ties to the Trump administration received a total of $18.3 million under the program.Another recipient received a loan from a bank that previously employed its board's chairwoman. Four companies received more than the $10 million maximum by applying for multiple loans through subsidiaries. Four other companies receiving more than $20 million in aggregate have wealthy investor board members in common.RelatedApplications for small-business loans were like 'stampede through the eye of a needle'"The entire program was set up to benefit well-connected, well-banked businesses," said Amanda Ballantyne, executive director of the Main Street Alliance, an advocacy group for small businesses. She called on pol
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