While most of the attention was immediately captured by theof loans greater than $150,000, a Business Insider analysis of all 4.8 million records from the entire program paints a picture of the PPP's impact on small businesses and the US economy.
We combined every record from the SBA into one massive table, which we cross-referenced with industry classification codes to highlight those where the most jobs were retained thanks to a PPP loan.
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Health-care industry was top recipient of PPP loans, data showThe health-care industry was the top recipient of loans under the Paycheck Protection Program through the end of June, the Trump administration said Monday, as it released the names of more than 650,000 businesses that got funds under the small-business lending program.
Source: MarketWatch - 🏆 3. / 97 Read more »
Burning Man, Bird, a16z, Yeezy among recipients of PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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PPP loans roughly in line with industry payrolls, but some stand outPaycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.
Source: Reuters - 🏆 2. / 97 Read more »
Trump administration releases list of companies that received most money from small business bailout loansThe Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. Mitch McStealing wife Transportation Secretary Elaine Chao's family's business, Foremost Maritime Company, got a loan valued between $350,000 and $1 million. That federal money Buy OTM short dated calls on their own company to drive it higher then take out loans on their holdings to avoid any tax. Duh Buy back stocks
Source: CNBC - 🏆 12. / 72 Read more »