A breakdown of PPP loan recipients in Massachusetts Majority of funds went to a small number of companies
Of the $14 billion that Massachusetts companies received as part of the Paycheck Protection Program, more than half of the money went to fewer than 5 percent of the companies who received loans, according to data from the Small Business Administration.
The federal lending program was designed to help small businesses withstand the pandemic. But new data show only a small number of businesses — and some well-known chains — have received most of the funds, both nationally and locally.
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