Treasury names 650K small businesses receiving govt loans

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CHRISTOPHER RUGABER and JOYCE M. ROSENBERG AP Business Writers WASHINGTON (AP) — The Treasury Department on Monday released the names of more than 650,000 companies that received funds from the government's small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak. Treasury identified just a fraction of the total borrowers, naming only those companies that got more than $150,000. Those firms made up less than 15% of the nearly 5 million small companies that received loans. The average loan amount for the entire program was $107,000, the Treasury Department said in a broad summary of the program. The government handed out $521 billion through the paycheck protection program, a crucial piece of the gover
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