by johnpbarlow
If I understand this correctly and assuming this is credible info, according to Propublica *, on April 11,2020, ST was approved to receive a PPP loan of an amount between $5M-$10M to compensate 500 employees. Per this report, ST appears to be the "Line Haul Railroad" that got the biggest loan amount. From my unscientific observations, the Pan Am operations seemed almost as busy this past summer as they did pre-pandemic. Not sure why ST needed such a loan and I wonder if it the loan was or will be forgiven? I have found and attached the ST entry in the Small Business Administration's PPP loan spreadsheet. There's a 27MB spreadsheet listing all PPP loan recipients that include "Line Haul RRs" and "Short Line RRs" that can be downloaded from the SBA
https://projects.propublica.org/coronav ... -railroads
https://projects.propublica.org/coronav ... 84e6614930
* According to its website, ProPublica "is an independent, nonprofit newsroom that produces investigative journalism with moral force. We dig deep into important issues, shining a light on abuses of power and betrayals of public trust β and we stick with those issues as long as it takes to hold power to account."
https://projects.propublica.org/coronav ... -railroads
https://projects.propublica.org/coronav ... 84e6614930
* According to its website, ProPublica "is an independent, nonprofit newsroom that produces investigative journalism with moral force. We dig deep into important issues, shining a light on abuses of power and betrayals of public trust β and we stick with those issues as long as it takes to hold power to account."
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