Business

These local businesses each received $2M PPP loans

By By Patty Tascarella – Senior Reporter, Pittsburgh Business Times

Small businesses could receive thousands of dollars in cash grants, and full PPP loan forgiveness, under legislation expected to be signed by President Trump. Small businesses could receive thousands of dollars in cash grants, and full PPP loan forgiveness, under legislation expected to be signed by President Trump.

By By Patty Tascarella – Senior Reporter, Pittsburgh Business Times

PITTSBURGH — Of the total 28,968 Paycheck Protection Program loans to Pittsburgh area companies, 78 were for at least $2 million during the 2021 round of the federally funded program to help small businesses impacted by the Covid-19 pandemic.

From Aliquippa to Zelienople, 69 businesses or organizations received loans of $2 million, according to U.S. Small Business Administration data. The SBA manages PPP.

The second round of the federally-funded forgivable loan program launched on Jan. 11 with $284 billion and ended in late May. Recipients in the 10-county Pittsburgh metro received a combined $2.11 billion. Of that, more than half, or $1.21 billion, went to companies and organizations in Allegheny County.

To see the list, visit our partners at The Pittsburgh Business Times,

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