Almost a dozen legal tech companies secured over $1 million potentially forgivable federal loans, with two receiving upwards of $10 million.
July 07, 2020 at 02:58 PM
1 minute read
Almost a dozen legal tech companies received Paycheck Protection Program (PPP) loans of over $1 million, according to Legaltech News’ review of data released by the Small Business Administration (SBA) on Monday.
The federal loans, first offered as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, aimed to bolster small businesses payrolls amid the economic disruption caused by the COVID-19 pandemic.
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