Source: WRAL TECHWIRE, 5/31/20

 Federal programs have set aside about $650 billion in loans to help keep small businesses afloat during the COVID-19 pandemic, which has limited their ability to operate. But initial data from the Small Business Administration showed a notable portion of loans approved under the Paycheck Protection Program (PPP), have gone to public companies and larger-sized small businesses – companies that requested at least $2 million to cover up to eight weeks of employee payrolls that couldn’t be made due to revenue losses.

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