Rep. Mark Walker | Image Source: Youtube.com - Credit: Rep. Mark Walker
Rep. Mark Walker | Image Source: Youtube.com - Credit: Rep. Mark Walker
U. S. Rep. Mark Walker (R-6th District) says banks and big business should not be "sorting winners and losers" when it comes to the Paycheck Protection Program.
The Associated Press reports that publicly traded firms received $365 million in low-interest small business loans backed by taxpayers.
"The small businesses needing help in North Carolina who I am talking with every day don’t have shareholders," Walker wrote on Facebook. "In replenishing the Paycheck Protection Program funds, banks and big businesses should not be sorting winners and losers. We want all of our small businesses to be winners here."
According to the AP, companies with thousands of workers and companies with economic failure before the COVID-19 crisis were among the businesses that received millions of relief fund dollars that were pushed through by Congress. The relief fund was created to help small businesses through the crisis.
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