~300 US companies are now bankrupt despite $100s of millions in stimulus aid

What:

Nearly 300 companies that received up to half a billion dollars in coronavirus-related government loans have filed for bankruptcy, according to an analysis by the Wall Street Journal.

Why:

The coronavirus pandemic and lack of any additional funding were the main reasons for the businesses going bust, the Journal said.

The monetary cost:

Loans awarded to businesses that went bust amounted to between $228 million and $509 million, the analysis found.

The human cost:

The companies that filed for bankruptcy employed a total of 23,400 people