Released: May 08, 2020

Where the small business relief loans have gone

Source: Karl Russell and Stacy Cowley - N.Y. Times (Paid Registration)

A centerpiece of the federal government’s economic relief plan is to provide billions in forgivable loans to small businesses struggling during the coronavirus pandemic.

But analyses of government data show that the lending program, which is overseen by the Small Business Administration, allowed many of the earliest funds to go to parts of the country that were not as hard hit by the coronavirus, as well as to a small number of companies seeking millions in assistance.

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