Hundreds of Coal Companies Got $170 Million in U.S. Virus Aid By Bloomberg

© Bloomberg. An eastbound coal train passes through Waddy, Kentucky.

(Bloomberg) — Coal companies received at least $170 million in small business loans under the U.S. government’s coronavirus relief program, according to data released Monday.

Ramaco Resources (NASDAQ:) Inc. of Kentucky, JRL Coal Inc. of Georgia and Knight Hawk Coal LLC of Illinois were among the 449 coal companies that received funds through the $669 billion Paycheck Protection Program, overseen by the U.S. Small Business Administration.

About 20 coal companies received at least $5 million. Hundreds of others got $1 million or less.

Read More: Trump Administration Discloses $521.5 Billion in Virus Aid

©2020 Bloomberg L.P.

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