Inside the Pandemic Cash Bonanza for Private Equity-Backed Firms

They don’t exactly scream “small business.”At least 1,322 companies backed by private equity investors received Paycheck Protection Program loans from the Small Business Administration, according to a review by the Project On Government Oversight (POGO) and the Anti-Corruption Data Collective. The pandemic bailout loans obtained by the companies are worth, in total, between $1.5 billion and $3.4 billion. (The loan data released by the government provided a range of the value of each loan,...