All City seeks government assistance with multiple PPP Loans
Due to the effects of the COVID-19 (coronavirus) pandemic, All City Tow Inc’s (All City) operations were negatively affected in 2020. As a result, the company applied for aid via the Paycheck Protection Program (PPP), which offered to assist small businesses by covering applicable overhead costs and assisting companies in maintaining its payrolls. All City received two loans totaling $1.05 million to cover payroll expenses. The loans were approved in April 2020 and February 2021, respectively.
COVID|Labor|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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