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. 2022 May 12;211:104664. doi: 10.1016/j.jpubeco.2022.104664

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Fig. 1 — Distribution of PPP Loans by Firm Size, 1-499. Note: Excludes about 850,000 loans to the self-employed, sole proprietors, independent contractors, single-member LLCs with only one job reported as well as loans to businesses in Puerto Rico, Virgin Islands, and Guam as those types of employers and areas are excluded from the SUSB universe. Source: Authors’ analysis of SBA loan-level PPP data and Census Bureau Statistics of U.S. Businesses.