Nearly 100K in Pennsylvania got federal virus loans so far
HARRISBURG, Pa. (AP) — The Treasury Department has released the names of more than 26,000 businesses or organizations based in Pennsylvania that received funds from a federal program intended to support the economy as states shut down to stem the spread of the coronavirus. The Treasury on Monday only identified borrowers that got more than $150,000. So far, that’s about one-quarter of the more than 97,000 entities from Pennsylvania that borrowed from the program. The average loan amount for the entire program was $107,000, the Treasury says. The government handed out $521 billion through the Paycheck Protection Program. The Trump administration has refused to release details on loans under $150,000.