UNITE HERE Local 11 Asks Federal Agency to Ensure Chateau Marmont Complies with Loan Law
b"Former Chateau Marmont workers asked the U.S. Small Business Administration (\xe2\x80\x9cSBA\xe2\x80\x9d) to ensure that Chateau Marmont comply with Paycheck Protection Program (PPP) loan requirements.\nAccording to public records, the hotel was approved for a $1.95 million PPP loan on February 5, 2021 , and as of April 13 the loan had been disbursed but not paid in full or charged off, according to the SBA.
- b"Former Chateau Marmont workers asked the U.S. Small Business Administration (\xe2\x80\x9cSBA\xe2\x80\x9d) to ensure that Chateau Marmont comply with Paycheck Protection Program (PPP) loan requirements.\nAccording to public records, the hotel was approved for a $1.95 million PPP loan on February 5, 2021 , and as of April 13 the loan had been disbursed but not paid in full or charged off, according to the SBA.
- While the PPP program was intended to keep workers on payroll, only a small fraction of laid-off Chateau workers have been returned to their jobs.\n\xe2\x80\x9cI gave 40 years of my life to Chateau Marmont and have been struggling as a part time pizza delivery driver while my hotel is being approved for a nearly $2 Million dollar loan.
- The workers, who are supported by UNITE HERE Local 11, assembled yesterday to distribute boxes of groceries to each other and their families.
- Yet large companies like Chateau Marmont have used a loophole in the law to apply for these limited funds.