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1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money


The largest loan in the building went to Atane Engineers, a contractor that changed its name in 2018 after a corruption scandal that culminated when two former top executives pleaded guilty to paying bribes for city infrastructure contracts. The company, which pays $2.5 million a year for its rent at 40 Wall, received a $7.6 million loan, which it said supported 235 workers. The firm did not respond to messages seeking comment.The data also reveals how inconsistently the Small Business Administration disbursed money through the Economic Injury Disaster Loan, a still-running aid effort that offers companies and nonprofits low-interest loans directly from the government. …

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