Wall Street Journal: Hundreds of Companies That Got Stimulus Aid Have Failed

Wall Street Journal: Hundreds of Companies That Got Stimulus Aid Have Failed. “About 300 companies that received as much as half a billion dollars in pandemic-related government loans have filed for bankruptcy, according to a Wall Street Journal analysis of government data and court filings. Many of the companies, which employ a total of about 23,400 workers, say the funds from the Paycheck Protection Program weren’t enough to keep them going as the coronavirus and lack of additional stimulus payments weighed on their businesses.”

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