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The Small Business Administration (SBA) on Tuesday released extensive new data indicating that half of the coronavirus Paycheck Protection Program’s (PPP) $522 billion in taxpayer-funded loans went to only 5% of recipients, according to preliminary reviews.

However, government accountability groups immediately shot back.

“Only now — after its hand has been forced, hundreds of thousands of small businesses have gone under and millions of taxpayer dollars were wasted — has this administration pulled back the curtains to reveal the malpractice going on behind the scenes,” Kyle Herrig, president of Accountable.US, a group that advocates for transparency in government, said in a statement on Wednesday. “Americans deserved an open, transparent small business aid program when this pandemic started, and any new small business relief program must take a lesson from the abject failures of this one.”

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