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IndyCar 'little guys' aided by economic stimulus

The Paycheck Protection Program may not have saved any of the teams, but the economic stimulus offered to combat the COVID-19 pandemic certainly helped the little guys in the NTT IndyCar Series stay together. A list posted Monday by the U.S. Department of the Treasury showed the various teams in IndyCar, NASCAR and IMSA that had been granted loans at 1 percent fixed interest for 2-5 years. The amount given was based on the businesses' average monthly payroll for 2019. Two-and-a-half times that amount was loaned to help cover eight weeks of payroll. (See chart below.)
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