Over 3,000 trucking companies have received at least $ 150,000 in paycheck protection program funds.
This week, the Small Business Administration (SBA) released a report which lists all the companies that have received PPP loans.
According to the press release from the ASB, 4.9 million loans have been granted.
“The PPP brings much needed relief to millions of American small businesses, supporting more than 51 million jobs and more than 80% of all employees in small businesses, which are the engines of our country’s economic growth,” said Secretary Steven T. Mnuchin. .
A total of 3,205 trucking companies applied for loans of $ 150,000 or more. Thirty-three trucking companies received between $ 5 million and $ 10 million in P3 loans.
According to a report from Bloomberg, “Almost 30% of [drivers they polled] requested the government’s paycheck protection program, and 57% had received funding.
Companies with fewer than 500 employees can still claim the remaining $ 130 million in unspent PPP funds. The deadline to apply has been extended to August 8.