1% of borrowers gulped over 25% of the US Covid relief loan money: Data

1% of borrowers gulped over 25% of the US Covid relief loan money: Data

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About 600 businesses received loans of $10 million, the largest available under the $525 billion Paycheck Protection Program. And a 1% of borrowers received more than one-quarter of the total amount of money disbursed — or around $143 billion in loans of $1.4 million and above.

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