A Texas-based carrier recently filed for Chapter 11 bankruptcy protection, despite being approved for between $350,000 and $1 million through the U.S. Small Business Administration’s Paycheck Protection Program (PPP) to stay afloat during the COVID-19 pandemic.
This marks the second time in four years that family-owned Grimmett Brothers Inc. of Snyder, Texas, has filed bankruptcy, according to court filings.
Grimmett Brothers, a heavy-haul and earth-moving company, filed its petition in the U.S....