NYT: Quarter Of PPP Loans Went To Just 1% Of Businesses

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NYT: Quarter Of PPP Loans Went To Just 1% Of Businesses
Over a quarter of the money allocated to help small businesses stay afloat amid the pandemic went to just 1% of the companies in need.
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More than a quarter of the money allocated to help small businesses stay afloat amid the pandemic went to just 1% of the companies in need.

A New York Times report found about 600 businesses, including powerful law firms and restaurants chains, received the maximum payment of $10,000,000.

More than 5.2 million businesses received PPP loans.