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The Small Business Administration breaks out loans greater than $1 million into three buckets. Loans of all three types overwhelmingly were approved during the first month of the PPP program.
Many "mom-and-pop" businesses struggled to get PPP loans before the first round of funding ran out. The average income on Fisher Island is $2.2 million, making it the richest ZIP code in the US.
As the pandemic forced widespread closures in 2020, federal policymakers were staring down a torrent of job losses. Millions of workers were being laid off from businesses large and small, and ...
Suburban trio got kickbacks to arrange hundreds of thousands of dollars in fraudulent PPP loans, FBI says Amanda Heller, Sarah Stokes and James Townsend are charged in federal court with ...