July 6, 2020

Treasury to name 700K small businesses receiving COVID-19 government relief loans

By Christopher Rugaber and Joyce M. Rosenberg

The Treasury Department says it is releasing on Monday the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.

Treasury identified just a fraction of the total borrowers, naming only those companies that got more than $150,000. Those firms made up less than 15% of the nearly 5 million small companies that received loans.