Large Indiana Coal Company Receives $ 10 Million Small Business Loan

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Terre Haute-based Hallador energy received $ 10 million from a federal loan program designed to help small businesses stay afloat during the COVID-19 pandemic.

The company received the money from the Small Business Administration’s Paycheck Protection Program, a program designed to protect companies with 500 or fewer employees.

According to Washington Post, The company has several hundred more employees than the standard company funded by the program, and plans to use the loan to pay employees for two months.

The company expects at least 80% of the loan to be repaid.

Hallador Energy is the parent company of Sunrise Coal LLC, Indiana’s second largest coal producer who let go 60 employees Middle of March.

Hallador has at least two key connections with the Trump administration.

The company hired former US Environmental Protection Agency administrator Scott Pruitt as a lobbyist last year. Pruitt resigned in 2018 after numerous encounters Investigating Ethics Violations. Pruitt vain attempted in 2019 to convince Indiana lawmakers to stop two utility companies from shutting down their coal-fired power plants for the next several years.

Hallador’s former director of government relations, Suzanne Jaworowski, now works in the Department of Energy as a “political liaison between the Office of Nuclear Power and the Secretary of Energy and the White House.” Jaworowski also served as Indiana State Campaign Leader for the 2016 Trump campaign.

The Trump administration recently came under fire for approving small business loans large companies and organizations. Treasury Secretary Steve Mnuchin said the Small Business Administration would initiate a “full review” of any Paycheck Protection Program loans that exceed $ 2 million.


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