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Small-business loans to big companies prompt Congress to overhaul PPP rules

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Small-business loans to big companies prompt Congress to overhaul PPP rules

More than 1,000 Sonic Drive-Ins received Paycheck Protection Program funds. But many independent recipients ran out of money and laid off staff.

Ongoing revelations about how big businesses and chains were able to secure hundreds of millions of dollars in funding from the Paycheck Protection Program are shaping discussions in Congress about which employers should be eligible if another $300 billion is approved under another proposed stimulus package. […]

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