Trump administration releases list of companies that received most money from small business bailout loans

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Trump administration releases list of companies that received most money from small business bailout loans
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Here's a breakdown of the distribution of PPP small business loans.

. The Treasury and SBA later reversed course, saying they would disclose names and other details about businesses that took PPP loans of $150,000 and above.

The Archdiocese of New York got a loan valued between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000.

Businesses in economically distressed areas as designated by the SBA got nearly 23% of the loan money, while companies in rural areas received about 15% of the funds.

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