P.P.P. Loan Data Shows How a Sliver of Borrowers Got Much of the Help

Mr. Boies’s firm previously declined to comment on its loan; Mr. Kasowitz’s firm said the loan helped it preserve hundreds of jobs. Most of the program’s borrowers sought far less: Loans of $150,000 and under accounted for around 87 percent of the loans made through the program, which ended in August, when its congressional authorization expired. But those loans made up less than 30 percent of the total handed out, about $146 million.

The data also shows how inconsistently the S.B.A. disbursed money through the Economic Injury Disaster Loan, a still-running aid effort that offers companies and nonprofits low-interest loans directly from the government to help them rebuild their battered operations. The E.I.D.L. program (pronounced “idle”), is supposed to make loans of up to $2 million, but the S.B.A., concerned that it would run out of money, imposed various caps on the program, none of which were publicly disclosed to borrowers at the time.

Two organizations received loans in early April for more than $500,000, the cap the agency set on the program later that month. The Jewish Community Center in Stamford, Conn., received $900,000 and the CWC Group, an alternative medicine clinic in Bellevue, Wash., received $713,900, according to the S.B.A. data.

More than 8,000 organizations got loans for $500,000, a limit that was later lowered to $150,000, where it has remained since May. The E.I.D.L. program, has distributed 3.6 million loans, totaling $194 billion, since the coronavirus crisis began — far more than the program had given out in its entire 67-year history.

An S.B.A. spokesman said that the agency’s “historically successful Covid relief loan programs have helped millions of small businesses and tens of millions of American workers when they needed it most.”

The Paycheck Protection Program was hastily constructed in late March after Congress passed the $2 trillion CARES Act. The Treasury Department, which called most of the shots on the program, released technical guidance to banks just hours before lending began in April, and the terms shifted many times before the program ended in August. The Treasury Department has issued dozens of corrections and clarifications to its rules.

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