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Thousands of Iowa companies get federal virus-related loans

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Posted at 4:44 PM, Jul 06, 2020
and last updated 2020-07-06 17:44:17-04

The federal government says about 6,000 Iowa businesses received loans of $150,000 or more from the Paycheck Protection Program, requiring them to list their business names and addresses.

The list released Monday by the Treasury Department includes churches, manufacturers, car dealerships, farm-related organizations and hospitals.

Among them is firearms accessories company Brownells Inc. and King Contracting, the construction company founded by U.S. Rep. Steve King but sold to his son in 2003.

Another 52,500 Iowa businesses and nonprofit organizations received less than $150,000 and weren’t named by the Trump administration. That secrecy spurred a lawsuit by news organizations including The Associated Press.