Virus Relief Loans Meant for Small Firms Capped at $20 Million

The Trump administration limited to $20 million the value of loans that corporate groups can get from a popular coronavirus relief program after outrage over reports that large companies and brand-name chains got funds.

The Small Business Administration and Treasury Department issued a new rule on Thursday for the Paycheck Protection Program, which was intended for small businesses to get loans of up to $10 million that convert to grants a company uses the proceeds to keep workers employed.

The new rule says that corporate groups shouldn’t get more than $20 million in total loans, which applies if businesses ...