The Trump administration has released new information on the businesses that received federal loans to withstand the economic toll of the COVID-19 pandemic — and several Silicon Valley companies are among the recipients.
Federal officials said the loans supported over 51 million jobs nationwide, comprising over $521 billion total. The biggest industry to benefit from the loans was healthcare, which received 12.9% of the money, while 12.7% went to businesses classified as "professional and technical services," according to the disclosure.
Some criticized the Small Business Administration — which administers the loans — for providing money to large, well-funded companies. More than $1 billion of the loans went to publicly-traded companies, The Washington Post reported in May.
Here are some of the notable tech companies and VC firms that were awarded loans. The full data is available on the Treasury Department's website here. The documents disclose the range, not the specific amount, of the loan awarded, as well as the number of employees listed on each company's application.
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