SBA processes nearly 600,000 PPP applications; distribution still slow
SBA processes nearly 600,000 PPP applications; distribution still slow
Reading Time: < 1 minute(Last Updated On: April 13, 2020)
According to the SBA, roughly 587,000 loans have been approved under the Paycheck Protection Program, amounting to approximately $151 billion. Even so, the distribution of those funds has been slow, according to both lenders and business owners alike. With any luck, funds will be made available within the coming days.
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