| Covid-19 | May 22, 2020

SBA Announces $513 Billion in Commitments To-Date for Paycheck Protection Program (PPP) Loans

Through May 16, the SBA has approved over $513 billion across 4.3 million PPP loans, inclusive of funding authorized through both the CARES and PPPHCEA Acts. As of this cut-off date, PPP has approximately $156 billion remaining until the funding authorized by the Paycheck Protection Program and Health Care Enhancement Act (PPPHCEA) is exhausted.