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60,000 PPP loans approved in first week

SBA’s dedicated access to community financial institutions helped underserved small businesses


Last updated 1/21/2021 at 8:29am

From U.S. Small Business Administration

WASHINGTON — The U.S. Small Business Administration announced Tuesday that it has approved approximately 60,000 PPP loan applications submitted by nearly 3,000 lenders, for more than $5 billion between the program’s re-opening Monday, Jan. 11, at 9 a.m. Eastern Time through to Sunday, Jan. 17.

Last week, the PPP provided dedicated access to community financial institutions that specialize in serving underserved communities, including minority-, women- and veteran-owned small businesses from Monday through Thursday, joined Friday by smaller lende...

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