Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

 

Last updated 7/7/2020 at 12:23pm

Treasury Secretary Steven Mnuchin

CHRISTOPHER RUGABER

AP Economics Writer

WASHINGTON (AP) - The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected.

Kanye West's clothing line. The sculptor Jeff Koons. Law firms and high-dollar hedge funds. The Girl Scouts. Political groups on both the left and right.

All told, the Treasury Department's Paycheck Protection Program authorized $520 billion for nearly 5 million mostly...



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