Friday, April 17, 2020

A Quarter Of PPP Funding Went To Real Estate, Retail And Construction
Before the $350B Paycheck Protection Program ran out of money on Thursday, real estate, retail and construction businesses together received roughly $63.1B, or just over a quarter of the total amount distributed.

Over 114,000 loans totaling almost $34B were approved for construction companies, or 13.73% of all PPP funding, the Small Business Administration reports. Retailers obtained $21.2B, or about 8.57% of the total, while real estate-related companies got $7.9B, or 3.22% of the total.. . . more