Company With Ties To Trump Receives Millions From Small Business Loan Program

[left-of-center2012]

U.S. Ambassador to Belgium Ronald Gidwitz, whom President Trump appointed in 2018, was then-candidate Donald Trump's campaign finance chair for Illinois in the 2016 presidential campaign. According to filings with the SEC, Gidwitz's family owns the majority of Continental Materials Corp., which secured the 1-percent interest loan.

Continental Materials makes heating and cooling equipment and construction products. While it had more than $100 million in sales last year, it qualified for the loan because it meets the Small Business Administration's industry-specific "small business" size standards, according to company chief financial officer Paul Ainsworth.

While the company may qualify as a small business under the PPP program, there are many much smaller businesses that have been unsuccessful in obtaining or even applying for the loans from their banks.

The business advocacy group NFIB surveyed a random sample of the 300,000 businesses in its membership database, and found that only about 72 percent of businesses that tried to apply for a PPP loan were able to successfully submit an application.

https://www.npr.org/2020/04/20/839455480/company-with-ties-to-trump-receives-millions-from-small-business-loan-program

[Newest Reality]

1. Heheh.

It makes me wonder if it is about your mob ties, too.

Trump has always been heavily connected to organized crime, (and is, more or less, one of them) in America and Russia. The ties thing is how they work, too. You have to have the right "connections" if you want to be self-made or successful, etc.

Maybe we have more of a corrupted, crime syndicate system than we imagine?

Just speculating, of course. Just guilt by association.