coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to U.S. President Donald Trump’s election efforts, according to an Associated Press analysis of federal data.Many were among the first to be approved for a loan in early April, when the administration was struggling to launch the lending program.
And only eight businesses had to wait until early May before securing the aid, according to the AP’s review of data released Monday.
Trump says no $10B loan for U.S. Postal Service unless it raises rates for Amazon The Trump-connected companies obtained the aid through the Paycheck Protection Program, which extends a lifeline to small businesses struggling to navigate the pandemic.