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...