Bird says his COVID-19 government loan application didn’t go through.
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Bird has denied that he received one Government loan to help it through COVID-19. His statements follow Monday’s reports that the electric scooter company received between $ 5 and $ 10 million in April under the government’s paycheck protection program. Both CNBC and The Verge found Bird in the data released on Monday by the Trump administration as part of their data Stimulus package for corona viruses under the CARES law, but Bird says his loan application didn’t go through.
“Bird has decided not to continue developing PPP b / c. We felt that small local businesses needed more money,” tweeted Travis VanderZanden, founder of Bird. “”[We] have not received any credit money. “
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According to VanderZanden, Bird started applying to Citi “early”, but decided on April 23 not to process it. “It looks like Citi has started an application while waiting for our decision to officially apply … They confirmed that the temporary app was canceled that evening and never submitted.”
bird said it was “incorrectly listed in government data released Monday,” and investigated why it was added to the list.
“Bird was incorrectly listed as a company that applied for a PPP loan. We have not applied for or received a PPP loan. As a company, we decided not to submit an application because we didn’t want to distract critical funds from small and local businesses. “- Bird
– Bird (@BirdRide) July 6, 2020