![]() ![]() While the vast majority of loans were issued to smaller businesses, total funds appear to be distributed more evenly across small, medium, and larger businesses. Meanwhile, only 4% of issued loans were for $1 million or more.īut that’s only half of the story of the figures above. 1.2 million loans (or 74% of all loans) were for $150,000 or less. Most of the total issued loans, by far, appeared to go to smaller businesses. One way to determine what size of business got most of the initial round of the Paycheck Protection Program is to examine the size of the loans distributed.īecause loan size was primarily determined by average monthly payroll costs, you can safely assume that the larger the loan size, the larger the company receiving it. This gives us a good idea of which types of businesses got most of the first round of PPP funding, but it doesn’t tell us what size of business got the lion’s share of the first round of funding.Īnd a lot of business owners want to know, did most of the initial PPP round go to the big guys, the little guys, or both? Did big businesses or small businesses get most of the initial PPP funds? ![]() Professional, scientific and technical service businesses, manufacturing businesses, and health care and social assistance businesses all also got more than 10% of available funds each.
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