McDonald’s, Dunkin’ and other franchises got $15.6 billion in small-business funds
The SBA identified 75,746 franchise businesses that received loans under the small-business pandemic loan program.
By Jonathan O Connell and Andrew Van DamThe Washington Post
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WASHINGTON Franchises of Subway, McDonald’s, hotel chains, auto dealerships and other big businesses received a total of $15.6 billion from the government’s emergency coronavirus loan program for small businesses, according to data released by the Small Business Administration in response to a Freedom of Information Act lawsuit.
Franchise owners of many of America’s biggest chains took advantage of the Paycheck Protection Program. Among fast-food chains, 4,278 Subways, 2,445 Dunkin’s and 2,217 McDonald’s received funds. Among auto dealerships, 1,478 General Motors locations and 1,115 Ford locations received funds, according to the data, which the SBA released following a federal lawsuit filed by The Wa
More than $15 billion in PPP loans went to franchises including McDonald s and Subway washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
McDonaldâs, Subway, and other franchises got $15.6 billion in small-business funds
By Jonathan OâConnell and Andrew Van Dam Washington Post,Updated January 28, 2021, 5:06 p.m.
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All 20,000-plus Subway locations in the United States are independent franchises. Among fast-food chains, some 4,278 Subways took advantage of the Paycheck Protection Program.Ted S. Warren/Associated Press/File 2015
WASHINGTON â Franchises of Subway, McDonaldâs, hotel chains, auto dealerships, and other big businesses received a total of $15.6 billion from the governmentâs emergency coronavirus loan program for small businesses, according to data released by the Small Business Administration in response to a Freedom of Information Act lawsuit.
Fast food workers go on strike in honor of Martin Luther King Jr kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.