Tuesday - April 13, 2021
Federal Reserve Bank of Cleveland: Which Industries Received PPP Loans?
April 02, 2021
CLEVELAND, Ohio, April 2 -- The Federal Reserve Bank of Cleveland issued the following economic commentary on April 1, 2021, by Research Analyst Garrett Borawski and Senior Vice President Mark E. Schweitzer:

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We examine the financial challenges faced by small businesses during the COVID-19 pandemic and estimate the scale of loans provided to small businesses through the Paycheck Protection Program. We find that the program reached businesses throughout the economy, . . .

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