Posted on August 05, 2022
The SBA released data on Monday following weeks of legal challenges by media companies, including the Business Times' parent company, American City Business Journals. The redacted data includes information about loans of $150,000 or more, but does not include exact dollar figures — only amount ranges. The dollar amounts listed reflect loans that were approved by the SBA but that doesn't mean the companies actually received that amount, or any of it.
Around 40 of the startups that landed a PPP loan also laid off employees — amounting to approximately 1,700 employees, according to Layoffs.fyi, a website that tracks startup layoffs. The number of employees shed is probably more than that, as some of the layoffs at startups were
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