The government disclosed detailed information Monday about hundreds of billions of dollars in aid to small businesses suffering from the economic effects of the coronavirus pandemic. Here’s a look at where it went. The Paycheck Protection Program distributed $521 billion in loans to almost 4.9 million small businesses as of June 30. These loans will be forgiven if businesses maintain jobs or rehire laid-off workers and if most of the money goes to payroll. Overseen by the Small Business Administration, it’s the centerpiece of the government’s economic response to the pandemic. Millions of businesses applied for loans when the program began in April. But demand evaporated in recent weeks, and almost $132 billion remains unspent. The program was set to expire June 30, but both chambers of Congress voted last week to extend it to Aug. 8. source