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NewsColony Lakers RETURN $4.6million in coronavirus pandemic relief loans intended for small businesses The Los Angeles Lakers were approved for a loan through a federal program intended to help small businesses during the coronavirus  epidemic, it has emerged. The  NBA team has since returned the $4.6 million after learning the fund had been depleted. The Paycheck Protection Program was created to infuse small businesses with $349 billion in emergency loans for payroll and other bills amid coronavirus lockdowns and social distancing mandates.  But at least 75 companies that received the aid were publicly traded, the AP found, and some had market values well over $100 million. The Lakers were valued at $4.4billion before the outbreak, second among NBA teams, according to Forbes.  ‘The Lakers qualified for and received a loan under the Payroll Protection Program,’ the team confirmed to the Daily Mail. ‘However, once we found out the funds from the program ...