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Public companies in Pa. and N.J. got millions in emergency coronavirus PPP loans meant for small businesses

Some companies that received PPP loans were struggling to turn a profit long before the coronavirus pandemic sent the economy into a free-fall, and one was already warning investors it might need to file for bankruptcy.

An unoccupied New York Stock Exchange trading floor in March, closed for the first time in 228 years because of the coronavirus.
An unoccupied New York Stock Exchange trading floor in March, closed for the first time in 228 years because of the coronavirus.Read moreKearney Ferguson / NYSE via AP File
    by Andrew Seidman
    Updated 
    Published