Saturday, August 22, 2020

Paycheck Protection Program ends

 

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.

News and Tech

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