Based upon an informed source, there is word that Legacy Housing (LEGH) will be returning it’s controversial SBA backed Paycheck Protection Program (PPP) loan.
The thrust of the message from a well-placed source to MHProNews reads as follows:
“Tony, if you want to be first, you’ll have to work this evening.
Legacy will be giving back its PPP loan.
I’ll send you our official statement when it’s ready.”
If that proves true, MHProNews will update this post with that official statement. The same source indicates that Neal Suit, the corporate attorney, is drafting that official statement and “It’s likely to be in tomorrow’s NYT.”
Related reports on this developing topic are below the byline and notices.
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By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
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