U.S. President Donald Trump holds up the H.R. 266, The Paycheck Protection Program and Health Care Enhancement Act, during a ceremony with members of his administration and Republican lawmakers in the Oval Office of the White House in Washington, D.C., on April 24, 2020. Photo: Anna Moneymaker/The New York Times/Bloomberg
Roughly 15,000 California law firms and legal services received more than $1.5 billion in Paycheck Protection Program loans from the Small Business Administration, which they said preserved about 87,000 legal jobs.
The billion-dollar figure dwarfs the amounts doled out in many other states, Law.com’s analysis of SBA records shows. Pennsylvania law firms, for example, received a little less than $500 million. Florida law firms took a little more than $1 billion in loans, and Texas firms took about $900 million.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
