20-07-2020 19:58 via ocregister.com

Size mattered: Big companies got coronavirus PPP loans first

By Joyce M. Rosenberg, The Associated Press
Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had their loans approved and disbursed more quickly.
There is now evidence to back up those complaints.
An Associated Press analysis of Small Business Administration’s $659 billion Paycheck Protection Program shows that nearly a third of the loans approved in the program’s first week ranged
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