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SBA Paycheck Protection Program Report

  • 15 Apr 2020 10:43 AM
    Message # 8901406
    Anonymous member (Administrator)

    SBA Releases Interim Final Rule on PPP The SBA has published an interim final rule on the Paycheck Protection Program (PPP) – it contains a thorough Q&A.

     

    SBA Releases Report on PPP—The SBA released a comprehensive report (attached) of the $349 billion Paycheck Protection Program (PPP) – it shows there have been more than 1 million applications totaling $247.5 billion approved as of Monday. The average loan amount has been about $239,000. As of late afternoon Tuesday, according to SBA almost 1.2 million applications, totaling more than $268 billion, had been approved since the program launched on April 3.

     


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