Survey: Oil, manufacturing had best luck with pandemic loans

ASSOCIATED PRESS • May 14, 2020

Almost 75 percent of small businesses in a survey applied for help from a federal loan program designed to keep workers employed during the coronavirus pandemic, but only 38 percent of small businesses received any money, according to survey results the U.S. Census Bureau released Thursday. Oil extraction and mining businesses had the best success in getting loans from the Paycheck Protection Program.