| Covid-19 | Jul 7, 2020

SBA Announces $521.5 Billion in Approved Paycheck Protection Program (PPP) Loans

SBA announced that it has approved nearly $521.5 billion across nearly 4.9 million Paycheck Protection Program (PPP) loans through June 30, inclusive of funding authorized through both the CARES and PPPHCE Acts. This leaves $158.5 billion remaining until the funding authorized by the PPPHCE Act is exhausted, of which SBA has indicated $131.9 billion is available for additional loans.