Monday, July 13, 2020

North Texas restaurants received at least $473 million in federal loans, but is that enough to save them?

Of the thousands of North Texas businesses that secured federal aid through the Paycheck Protection Program, restaurants received at least $473.5 million in rescue loans.

Newly released data from the Small Business Administration shows that restaurants accounted for 1,049 loans out of the more than 15,000 North Texas companies that were granted loans over $150,000.

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