Treasury names 650K small businesses receiving govt loans

CHRISTOPHER RUGABER and JOYCE M. ROSENBERG

AP Business Writers

WASHINGTON (AP) — The Treasury Department on Monday released the names of more than 650,000 companies that received funds from the government's small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.

Treasury identified just a fraction of the total borrowers, naming only those companies that got more than $150,000. Those firms made up less than 15% of the nearly 5 million small companies that received loans.

The average loan amount for the entire p...