The Alpena News
ALPENA Out of more than $51 million in government-backed loans given to hundreds of Northeast Michigan firms to help them survive the coronavirus, nearly 40% went to just eight businesses, a News analysis of recently released federal data shows.
That would align with trends across the country that have drawn criticism that too many federal Paycheck Protection Program loans went to large businesses and not enough was done to help the small business Congress intended to help.
However, The News has discovered issues with the data released recently by the federal Small Business Administration after multiple media outlets sued to force disclosure.