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“Average” loan size is meaningless in figuring out whether small companies were helped much. Median loan size discounts the impact of a few big loans and would tell us about the center of the distribution curve.
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Here’s some simple math. If there are 99 loans of $111,111 and one loan of $10 million, that’s a total of $20 million, or an average of $300,000, nearly three times the median. The average “supports” an argument that “too much” went to the big enterprise…even though 99 other businesses got the help they asked for.
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The real story is that these loans are only part of a solution for businesses that have no work fir staff because they have no customers and no revenue.