Small businesses in the U.S. health-care and social-assistance industry have emerged as the top recipients of federal coronavirus relief loans, even as the net amount of approved funding in the program continues to decline amid loan cancellations.
The Small Business Administration released a report on Monday of Paycheck Protection Program totals through May 30 with loan approvals by industry for the first time since the first round of funding ended on April 16. That report showed construction, professional, scientific and technical services, manufacturing and health care as the top-funded industries. Read full Bloomberg story