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Big Corporations Grabbed Lion’s Share Of Paycheck Protection Plan by Caitlin Macneal and Neil Gordon

New data, released only after news organizations sued the Small Business Administration, reveal that more than half of the $522 billion loaned through the Paycheck Protection Program (PPP), which was aimed at small and midsized companies, went to bigger businesses making up just 5% of the recipients. And more than a quarter of the money went to a mere 1% of loan recipients.

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