Name: Axios returns PPP loan
Brand: axios.com
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Axios returns PPP loan

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Editor's note: Axios has returned the loan. Details .Axios is among the small businesses that qualified for a PPP loan to protect existing jobs and help weather the coronavirus crisis.Why it matters: We are in the somewhat unique position of being both a media company, which covers government and business, and a job-creating small business with a national presence. So we wanted to be fully transparent about our thinking.&nbsp;The second round of Payroll Protection Program loans for small businesses got under way Monday — and disparities between the haves and the have-nots are becoming more stark.What's going on: Small businesses in the Midwest, notably Nebraska, got a big share of the loans. But states like New York and California — hit hard by the coronavirus economic shut down — came up comparably short.Treasury Secretary Steve Mnuchin told CNBC Tuesday that the Small Business Administration would undertake a "full review" of any loan that exceeds $2 million under the Paycheck Protection Program (PPP).The big picture: Mnuchin's announcement comes after — like and the , which both returned their loans — have come under fire for receiving cash from the coronavirus stimulus program.

Editor's note: Axios has returned the loan. Details .Axios is among the small businesses that qualified for a PPP loan to protect existing jobs and help weather the coronavirus crisis.Why it matters: We are in the somewhat unique position of being both a media company, which covers government and business, and a job-creating small business with a national presence. So we wanted to be fully transparent about our thinking.&nbsp;The second round of Payroll Protection Program loans for small businesses got under way Monday — and disparities between the haves and the have-nots are becoming more...

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Axios returns PPP loan

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