A new study shows over 100 public companies got $550 million of federal loans intended for 'small businesses'
released by S&P Global Market Intelligence found that 134 publicly traded companies got access to $550.6 million of federal stimulus loans for small business.
Ashford Hospitality Trust claimed the largest PPP loan, of $30.1 million, followed by Meritage Hospitality Group, which claimed $29.1 million. Ruth's Hospitality Group also racked up a large loan, of $20 million. JPMorgan Chase processed $145.9 million worth of PPP loans for publicly traded companies — the most of any bank.
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