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Hedge Funds, Private Equity Firms Barred From Small Business Aid
The SBA said it did not believe that Congress intended for businesses like the investment firms to receive Paycheck Protection Program financing. The Trump administration on Friday said hedge funds and private equity firms are ineligible for small business rescue loans, the latest crackdown on Wall Street-backed interests trying to access the money. The Small Business Administration included the restrictions on investment companies in a new rule governing the Paycheck Protection Program, which Congress created to keep small businesses and … Full investment news article
Guilded Raises $7M Series A Funding To Build The Ultimate Chat Platform For Gaming Communities
Guilded Raises $7 Million Series A Funding to Build the Ultimate Chat Platform for Gaming Communities Matrix Partners Led Financing; Strategic and Institutional Investors Initialized Capital, Sterling.VC, Susa Ventures Participated SAN FRANCISCO, April 30, 2020-- Guilded has raised $7 million in Series A financing to provide the ultimate chat platform for gaming communities. The funding was led by Matrix Partners, with participation from Initialized Capital, Susa Ventures, and Sterling.VC. Ilya Sukhar, general partner at Matrix Partners, joined the Board of … Full investment news article
Relevent to this post: Louisiana Economic Development
Matrix Partners,