Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

SBA forgives 1.1M Paycheck Protection Program loans so far, totaling over $100B

Small borrowers make up vast majority of forgiveness applicants

 

Last updated 1/20/2021 at 4:55pm



WASHINGTON – The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses three months since the earliest PPP borrowers’ covered periods ended.

“Today’s news is a key indicator that the PPP is working for all small businesses across our Nation,” SBA administrator Jovita Carranza said. “For any eligible small business continuing to struggle due to the coronavirus pandemic, the program has reopened for new and certain e...



For access to this article please sign in or subscribe.



 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 05/06/2021 08:09