The Post’s analysis is based on June 6 loan figures published by the Small Business Administration, which were then adjusted based on the number of small businesses in the state. Small businesses in West Virginia received 2,781 EIDL loans for a total of $178 million. The EIDL program is different from the $660 billion Paycheck Protection Program that is part of the Cares Act. New York, with the worst coronavirus outbreak in the country, received just over $6 billion in EIDL loans. ADADAnd several states with smaller economies managed to nab an outsize share of small business aid through the EIDL program.

Source: Washington Post June 09, 2020 18:11 UTC