27-04-2020 21:24 via ocregister.com

Lakers received, then returned, $4.6 million from coronavirus loan program

The Lakers say they have returned a $4.6 million loan they received from a federal loan program intended to help small businesses weather the coronavirus crisis.
The team confirmed that they qualified for and received the loan from the Small Business Administrations’ Payroll Protection Program among the initial $349 million funding. But after the program’s initial budget ran out earlier this month — and after reports that several large companies took loans at the expense of a l
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