How PPP loans helped MRFs across the country

摘要

Recycling facility operators received tens of millions of dollars in Paycheck Protection Program funds, recently released data suggests. A few explained just how important the money was to preventing layoffs. Small Business Administration (SBA) data shows 824 MRF companies received Paycheck Protection Program (PPP) loans under $150,000. Those loans totaled nearly $40.9 million. Another 313 MRF companies received loans over $150,000, including some totaling several million dollars. SBA provided loan amount ranges for each named company in this category, not the actual loan amount, so it's not possible to calculate the total received. RePower South Montgomery and RePower South Berkeley are sister companies that operate large mixed-waste MRFs in Montgomery, Ala. and Moncks Corner, S.C., respectively. Each business received PPP loans of between $350,000 and $1 million. The data shows that, between the two companies, over 100 jobs were saved.