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Article Date: April 2020
Word Count: 177

Covid-19 Update: Escalade, Hanesbrands, JackRabbit, Olympia Sports, Superfeet, H&B


Escalade, which had received a $5,627,500 loan through the Paycheck Protection Program, has repaid the loan after the SBA issued new guidelines that PPP loans are not intended for public companies that have access to conventional capital markets.

 

Hanesbrands will produce more than 20 million medical gowns to be distributed through FEMA to hospitals and healthcare facilities fighting the Covid-19 pandemic. It has already produced and delivered more than 60 million 3-ply cotton reusable face masks and plans to deliver more than 320 million masks altogether.

 

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