In this April 17, 2020, photo, Zachary Davis poses for a photo at The Penny Ice Creamery in Santa Cruz, Calif. An investigation by The Associated Press hows that many large companies which collectively received tens of millions of dollars in federal loans through the Paycheck Protection Program were at risk of failing even before the coronavirus walloped the economy, while others have acknowledged problems keeping their finances straight and a few have been under investigation by the Securities and Exchange Commission. That big companies and ones with questionable records received such precious financial aid during the chaotic last few weeks frustrates Davis, “We were feeling pretty good about where we were in the world. Now it’s just all turned upside down,” said Davis, who had to lay off 70 workers. (AP Photo/Martha Mendoza)
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