WASHINGTON, July 6 — The Trump administration today released the names of hundreds of thousands of businesses which took money from a high-profile US$660 billion (RM2.8 trillion) pandemic aid programme, letting the public see for the first time how the majority of the cash was spent and whether...
Monday, 06 Jul 2020 11:17 PM MYT
The US Treasury and Small Business Administration said the US$521.4 billion approved so far has supported employers of some 51.1 million jobs, or 84 per cent of all small business employees. The Treasury and SBA released data for more than half a million loans of US$150,000 or more, including recipient name, address, business type, jobs supported, and some demographic information. That accounts for roughly 73 per cent of the dollars granted, but only 14 per cent of the 4.9 million loans, SBA data through June 30 shows.
The funds reached a wide swath of recipients — more than US$67 billion for the healthcare and social assistance sector, US$64 billion-plus for construction businesses, US$54 billion for manufacturing and, at the smaller end, more than US$7 billion for religious organisations.
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