Large restaurant groups, commercial contractors, and a large Massachusetts dairy manufacturer were among the biggest beneficiaries of the government’s coronavirus aid program for small businesses, according to new federal records.
The Small Business Administration on Wednesday published extensive data on who benefited from pandemic aid, including more than $ 521 billion distributed through SBA’s Paycheck Protection Program.
Borrowers could apply up to $ 10 million to cover payroll and eligible business expenses.
The government this week released its most detailed statement to date on how that money was spent after NBC News and other media outlets filed a lawsuit over the information.
The records show that between April 3, 2020 and August 8, 2020, nearly 118,000 companies in Bay State were approved for SBA loans ranging from just $ 5 to the maximum loan amount of $ 10 million.
SBA records show that 15 Massachusetts companies were approved for that amount, although it is unclear whether they all borrowed or kept the full amount.
The NBC10 Boston Investigators found earlier at least two dozen publicly traded companies in Massachusetts received government moneyincluding some who previously paid corporate executives multi-million dollar salaries.
Use the following tool to find all of the Massachusetts PPP recipients described in the SBA data. The records were last updated on November 24, 2020.
Don’t show up? You can also view the records here.