SBALedners.com has released an analysis of the Paycheck Protection Program. Among their findings:
Businesses with over 200 employees were over 4 times more likely to have their loan processed and approved than small companies with 15 or fewer employees.
Not only did banks prioritize their customers over non-customers, they also put their bigger customers ahead of their smaller ones.
Rural states (e.g., Nebraska, North Dakota, and Kansas) had a much higher PPP coverage ratios than urban states (e.g., New York, California, and New Jersey).