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RSS FeedsTreasury names 650K small businesses receiving PPP loans
(WorldNews Health)

 
 

6 july 2020 21:52:08

 
Treasury names 650K small businesses receiving PPP loans
(WorldNews Health)
 


By Christopher Rugaber and Joyce M. Rosenberg, The Associated Press The Treasury Department on Monday released the names of more than 650,000 small businesses that received funds from a government program intended to support the economy as states shut down in April to contain the viral outbreak. Treasury identified just a fraction of the total borrowers, naming only those companies that got more than $150,000. Those firms made up less than 15% of the nearly 5 million small companies that received loans. The average loan amount for the entire program was $107,000, the Treasury Department said in a broad summary of the program. The government handed out $521 billion through the Paycheck...


 
28 viewsCategory: Science > Medicine
 
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