With more than $130 billion left untapped, the President and Senate signed off to extend the Paycheck Protection Program deadline to August 8th. If you have yet to apply or receive your PPP funding, you’re getting a second chance to apply! The SBA has reported that close to 5 million PPP loans have been approved as of the end of June accounting for about $520 billion in funding.
PPP by the Numbers
- Deadline Extended to August 8th
- $130 billion of untapped funds
- 4.8 million approved PPP loans
- $520 billion in approved PPP funding
Whether you still need to apply for the Paycheck Protection Program or you haven't received funding, this extension offers your business a 2nd chance! If you have questions about how the PPP funding process works or would like to keep you updated on the most current news regarding funding – we are here to help!
Please do not hesitate to contact our team for further information. To see more updates like this, especially those that impact small businesses, follow us, and visit CSI’s COVID-19 (Coronavirus) Resource Center.