Wealthy non-profit called out for racking up SBA loan moneys

Friday, July 10, 2020
 | 
Charlie Butts (OneNewsNow.com)

Planned Parenthood logo with cash backgroundAmerica’s most powerful and wealthy abortion organization is snubbing the federal government over a loan program.

To help businesses affected by COVID-19, the Small Business Administration launched a loan program for businesses and other organizations with fewer than 500 employees. Planned Parenthood jumped in line.

Jim Sedlak of the American Life League tells OneNewsNow the nation's largest abortion provider received between $66 million and $150 million in taxpayers’ money.

“That it should never have gotten in the first place because they were not entitled to it,” he says. “Planned Parenthood Federation of America has 16,000 employees, which is a little more than 500.”

Forty-two of 49 Planned Parenthood affiliates applied for the SBA loans and were approved only for the federal agency to realize what had happened.  

“And unlike a lot of other large companies that, in fact, did return the money, Planned Parenthood said, No, we're not giving it back to you.”

Sedlak adds it's important to point out that the Planned Parenthood non-profit made $100 million in profit last year and $200 million the previous year.

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