Community Corner
Veritas, San Francisco’s Largest Corporate Landlord, Gets Small Business Coronavirus Loan
In California, only 21.5 percent of businesses that requested Paycheck Protection Program loans received them. Veritas got $3.6 million.
SAN FRANCISCO, CA — The city’s largest corporate landlord, Veritas Investments, admits it applied for and received a Paycheck Protection Program small business loan for $3.6 million.
In a statement, Veritas defended its loan: “With our revenues deeply impacted and a lack of access to capital, we furloughed significant portions of our staff and implemented salary cuts across the board … The PPP loan enables us to save the jobs of front line employees and is critical to our business operations.”
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