By the time funding for the Paycheck Protection Program ran out last week, hundreds of millions of dollars had gone to publicly traded companies rather than the mom-and-pops the stimulus program was meant to help, CNBC reported. A research report from Morgan Stanley found that at least $243.4 million went to public companies — several with market capitalizations of more than $100 million. One of them, oil services company DMC Global, had recently laid off
source https://therealdeal.com/2020/04/24/trd-insights-big-biz-grabbed-243m-in-small-biz-loans/
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