Paycheck Protection Program billions went to large companies and missed virus hot spots

The rush to distribute nearly $350 billion in federal aid from a popular — and now empty— small business relief fund resulted in the government sending billions to areas of the country with relatively few novel coronavirus cases, to companies in industries that have not been the hardest hit by the shutdown, and to companies that are not even small businesses.

So where did the Paycheck Protection Program’s ultra-low-interest loans to small businesses go so quickly? Here are early details from the latest available U.S. Small Business Administration data:

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