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.
