So far, the Small Business Administration approved more than 4.9 million loans for a total of more than $521 billion.
The PPP was part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act and was originally set to expire on June 30. However, on July 4, President Trump signed legislation that extended the deadline by five weeks. The Small Business Administration approved more than 4.9 million loans for a total of more than $521 billion, according to SBA numbers from July. At the time, the SBA said it had about $132 billion remaining in the fund.
Jim Tobin, executive vice president of government affairs and chief lobbyist at the trade association National Association of Home Builders, believes the PPP will lapse because lawmakers are focused on other timely issues, like unemployment benefits. "They're going to try to target those groups to make sure there aren't any specific sectors of the small business community that are left behind," Tobin said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
PPP ends this weekend. Experts who will benefit from the new program - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LightfootMUSTGETFIRED LigthfootMUSTGETFIRED ligthfootMUSTGETFIRED ligthfootMUSTGETFIRED lightfootMUSTGETFIRED LigthfootMUSTGETFIRED ligthfootMUSTGETFIRED ligthfootMUSTGETFIRED ligthfootMUSTGETFIRED ligthfootMUSTGETFIRED ligthfootMUSTGETFIRED Chicago 🇺🇸
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kabbage stopped new PPP applications just ahead of the program's deadline - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended August 11 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »
After Bird loses Paris, scooter insiders predict consolidation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Try bidding in India 🇮🇳 What's unique about this market is that the marketing is wholly reliant on the physical world. They need to just sell to Uber at this point.
Source: BusinessInsider - 🏆 729. / 51 Read more »