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Even just two months after the started guaranteeing low-interest, forgivable loans to small-business owners affected by the coronavirus pandemic across the U.S., one of the biggest questions people had about the program was “Where did the money go?”
The first round of PPP funding was marred by a bottleneck of applications, unclear guidelines and reports of big corporations from Shake Shack to the Los Angeles Lakers receiving loans. While the second round of funding went more smoothly, many are still wondering which businesses were able to reap the benefits of this taxpayer-funded program.
Using a combination of data collected by our partners at COVID Loan Tracker, as well as the data that the U.S. Small Business Administration has made available, we compiled a list of takeaways about which businesses received PPP loans as of June 2020.
Note: Data from the SBA was current as of 6/6/2020.
This article originally appeared on Fundera, a subsidiary of NerdWallet.