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May 6, 2020

$175 billion in small business loans given out in second round of the Paycheck Protection Program

The Trump administration announced Sunday that 2.2 million small business loans worth $175 billion have been made in the  second round of the Paycheck Protection Program.

Treasury Secretary Steve Mnuchin and Small Business Administration Administrator Jovita Carranza said in a joint statement that the average size of a loan made under the second iteration of the program, which began Monday, was $79,000.

https://www.cnn.com/2020/05/03/politics/small-business-ppp-loans-second-round/index.html