Not-So-Small Businesses Continue To Benefit From PPP Loans

The Paycheck Protection Program has caused public outcry, suffered technical difficulties, and frustrated small business owners. But where, exactly, is the money going?

Over the weekend, the Small Business Administration gave another glimpse into this with a report on PPP activity through May 1. It showed that $175.7 billion in loans had been approved just five days into the program’s second round of funding. That’s on top of the $349 billion loaned out in just 13 days during the program’s first round.

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