That bred backlash from both the public and the U.S. Treasury Department which on Thursday issued new guidance.
Another public enterprise technology firm, Veritone, a Costa Mesa, Calif. -based developer of a proprietary operating system for artificial intelligence, also appeared on CNBC's list of public companies with a market value of over $100 million that received loans.
Today, Congressman Steven Horsford (NV-04) announced that Nevada's small businesses that earn revenue from gaming will now be eligible for loans from the Small Business Administration's Paycheck Protection Program.
In a floor speech shortly delivered shortly before members began voting, Ocasio-Cortez slammed her colleagues for focusing on the Paycheck Protection Program rather than direct aid to everyday Americans, citing the Trump administration's loose eligibility guidelines for the program that allowed large restaurant chains like Ruth's Chris Steak House and Shake Shack to participate. Ruth's is the third such company to say it would return the funds.
Critics argue these companies can raise funds through other avenues unavailable to mom and pop.
FICA did not immediately respond to a request for comment from NBC News.
World Health Organization announces €7.5 billion programme to tackle coronavirus pandemic
He warned that the African continent was "extremely vulnerable to the ravages of this virus and is in need of support". The programme - and its 7.5 billion euro (£6.5 billion) fundraising effort - will be officially launched on May 4.
In response to a "surge of complaints", some restaurant groups are repaying their loans, CNBC reports.
Yesterday, the SBA closed the loophole and warned publicly traded companies they probably won't qualify for the new funds. The guidance said PPP loans were not intended for companies that have been able to raise money elsewhere.
That certification must take into account their business activity "and their ability to access other sources of liquidity sufficient to support their ongoing operations".
"We have continued to process applications for additional program funding", said the Citi press release, "and we are ready to continue helping small business owners get the funding they need to keep their employees on the payroll". The SBA administers the PPP fund, which is run through individual banks. The PPP makes loans to businesses of 500 or fewer employees to keep workers on the payroll; if all program conditions are met, the loan is forgiven. Within days, the first-come, first-serve program was exhausted. More than 260,000 people signed the petition.
The U.S. government will cap how much each bank can lend under the emergency loan program created to keep workers on payrolls amid the coronavirus pandemic, according to a memo seen by Reuters hours ahead of the reopening of the lending program.
Quantum's $10 million PPP loan is saving American jobs at Quantum, a company spokesperson told CRN via email.