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Another Problem Emerges With PPP: Bankruptcy

May 8, 2020
by The Ashton Report
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Written by The Ashton Report
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Florida-based deli sandwich chain TooJay’s received a $6.4 million PPP loan and then, within days, declared bankruptcy. Meanwhile, Cosi’s, which entered bankruptcy protection just before the outbreak struck, has been denied a loan. RB: After Taking PPP Loan, TooJay’s Declares Bankruptcy; RB: Bankruptcy Is Another PPP Problem…

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