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Pandemic Assistance for Billion-Dollar Property Firms

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Some Bay Area property and development firms with billions of dollars in assets received federal pandemic assistance loans aimed to help small businesses.

While there is nothing wrong with getting a Paycheck Protection Program (PPP) loan, it doesn’t seem to pass the smell test if the recipient is sitting on billions of dollars while taking millions in pandemic assistance.

If you’re dealing in numbers that begin with a “b,” should you really be considered “small?”

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