There have been a few recent developments and updates related to the Paycheck Protection Program (PPP).
SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP
The SBA launched a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the PPP.
SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program
The SBA and Treasury have agreed to make public additional data regarding the PPP to ensure that the interests of both transparency and protections for small businesses are served. The SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount ranges. Read more.
- More than $128 billion in PPP funds are available.
- June 30, 2020 is the last day a PPP loan application can be approved.
- PPP Report with State Data Through June 20, 2020