Washington Post: More than half of emergency small-business funds went to larger businesses, new data shows

Washington Post: More than half of emergency small-business funds went to larger businesses, new data shows. “More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5 percent of the recipients, according to data on more than 5 million loans that was released by the government Tuesday evening in response to a Freedom of Information Act request and lawsuit. According to data on the government’s Paycheck Protection Program (PPP), about 600 mostly larger companies, including dozens of national chains, received the maximum amount allowed under the program of $10 million.”

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