Companies Led By Trump Donors Benefitted Early From Federal PPP Loans

Major donors to President Donald Trump‘s campaign were among the first to be approved for business loans in early April, while many businesses had to wait more than a month for the administration to clarify and codify terms of the Paycheck Protection Program (PPP) with lending banks.According to an Associated Press analysis of federal data, as much as $273 million in federal coronavirus aid was awarded to over 100 companies owned or operated by campaign donors.PPP was designed to support small businesses during the pandemic and encourage them to keep employees on payroll. Small businesses coul…

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