Alva Review-Courier -

3 takeaways from AP review of small-business loan program


April 22, 2020

Small businesses have, like much of the U.S. economy, been walloped by the coronavirus. In response, Congress created the Paycheck Protection Program to infuse small businesses — which typically have less access to quick cash and credit — with hundreds of billions of dollars in emergency loans so they can keep workers employed.

The U.S. Small Business Administration, which is administering the program through banks, has not released information on who received these low-interest, taxpayer-backed loans. The Associated Press sought to understand where the initial loans were going.

Key ta...

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