The $15.6 billion they received was 3 percent of the more than $522 billion loaned during that period. Potbelly Corporation received funds, returned them, and then applied again when Congress replenished the PPP fund. He said “McDonald’s U.S. corporate-owned restaurants did not apply for or receive” PPP funds. ADADA third round of PPP funds totaling $284 billion began Jan. 15, with the program opening initially only to lenders with less than $1 billion in assets under management. Borrowers who received funds from the program previously may receive another round of funds, but borrowers receiving a second loan must have no more than 300 employees.

Source: Washington Post January 28, 2021 13:03 UTC