SoftBank-backed startups among those approved for US paycheck loan program

Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.

Car-sharing startup Getaround Inc., which raised $300 million in a round led by SoftBank in 2018, was listed as approved for a $5-10 million loan. The Treasury Department provided only ranges for loan amounts, and did not identify by name those recipients seeking loans of less than $150,000.

In-car monitoring technology firm Nauto Inc. was approved for $2-5 million. It raised around $150 million in July 2017 in