SBA Paycheck Protection Program funding exhausted

摘要

The Small Business Administration's (SBA), Paycheck Protection Loan Program (PPP) intended to help small businesses has doled out all of its $350 billion in allocated funding. The Small Business Administration announced that it had approved more than 1.6 million loan applications as of Thursday, April 16, and is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.