Hurting long before COVID-19, failing companies took stimulus money then closed anyway
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY Replay Video UP NEXT Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast. During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $...
Source: msn.com