The Paycheck Protection
Program (PPP) closed Aug. 8. The U.S. Small Business Administration is no
longer accepting PPP applications from participating lenders, the agency says.
The SBA released detailed loan-level data regarding the
loans made under the Paycheck Protection Program (PPP).
Around $134 billion in PPP loans was untapped, federal
data show, Newsday reports.
A total of 5.2 million federally-guaranteed loans worth
$525 billion were made, says the SBA, which ran the PPP with the Department of
Treasury. The average loan was for $100,729.
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