AP Analysis: Big companies first to receive COVID-19 loans
NEW YORK (AP) — 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 Paycheck Protection Program shows that nearly a third of the loans approved in the program’s first week ranged from $150,000 to $10 million, the max
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