Relevant:
- Coronavirus Small business rescue loans: US issues new guidance, pressures public companies to return funds
- Coronavirus and Loans: Shake Shack Gets $10M While True Small Businesses Are S.O.L
- When it comes to unicorns, the rich are getting richer
- WeWork raises $3bn from SoftBank as losses balloon
- Big Banks and Fossil Fuel Industry Poised to Get Bailed Out Under Fed's "Main Street" Lending Program
2020-04-27 — digboston.com
Companies that requested $150k or less represented almost 3/4 of the individual loans, but only 17% of the funding. 83% of the funding went to companies requesting over $150k; and nearly 27% went to those requesting $2M or more. So this is a much bigger "anti-small" tilt than one would glean from the headlines about the Shake Shack or Ruth's Chris... this shows there simply needs to be funding dedicated to genuinely-small companies.
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