Organizations' Financial Aid Breakdown from Paycheck Protection Loans Revealed

The Wall Street Journal has published data visualizations that offer a comprehensive look at the businesses that received loans through the U.S. Paycheck Protection Program (PPP).

According to the visualizations, approximately 86% of businesses received loans under $150,000, while the remaining 14% received loans exceeding this amount.

Industries Receiving Large Loans

A significant number of loans over $1 million were given to businesses in the healthcare industry. This sector was followed by the wholesale trade, real estate, rental, and leasing industries, as well as the manufacturing and construction industries.

The healthcare industry, however, was not the only one receiving large loans. Businesses in the professional, scientific, and technical services sector also received a substantial number of such loans.

The arts, entertainment, and recreation industry, on the other hand, received a relatively smaller number of loans over $1 million. The retail trade, information, and finance and insurance industries were among those that received loans over $1 million, though in smaller numbers compared to the industries mentioned above.

Top Recipients by State

California, New York, and Texas had the most firms receiving loans over $1 million. Interestingly, the top three states with the highest number of firms receiving loans over $1 million also include Florida, Pennsylvania, and Illinois.

Industry-wise Distribution of Large Loans

A significant portion of loans over $1 million were given to businesses in the accommodation and food services industry. Conversely, the agricultural industry received the least number of loans over $1 million among all industries.

The largest PPP loans in the U.S. healthcare sector were received by medical organizations such as large hospital systems and healthcare providers. However, specific names of these organizations were not provided in the available search results.

The Wall Street Journal's data visualizations provide a detailed and accessible overview of the U.S. Paycheck Protection Program loan recipients, offering valuable insights into the distribution of funds across various industries and regions.