After a critical small-business loans program ran out of money last Thursday, many people have continued to wonder why the $349 billion depleted so quickly.
The U.S Congress approved the first-come-first-served Paycheck Protection Program (PPP) in March as part of the massive $2.2 trillion CARES Act, which at the time promised to ease some of the financial burden for many of the nation’s smallest business owners in the wave of coronavirus pandemic that has badly affected the economy. But the program ran out of money within weeks.
Here is a list of the largest public companies that depleted the first batch of the payroll loans. Read on through this link