Sad:
"In Illinois, more than one-third of PPP funds, meant for small businesses, went to larger companies that got loans of $1M or more. Search the SBA list."
When the $659 billion Paycheck Protection Program launched in April, it was supposed to help small businesses survive a few months of disruption until the COVID-19 pandemic subsided.
Eight months later, the pandemic persists, small businesses are still hurting and the biggest beneficiaries of the forgivable PPP loans include publicly traded companies and larger enterprises that are far closer to Wall Street than Main Street.