SBA Sends Revised Paycheck Protection Program Numbers through 12 PM, April 16, 2020

SBA Press Release from 4/16/2020 – U.S. Small Business Administration Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement regarding the success of the Paycheck Protection Program (PPP): “The vast majority of these loans—74% of them—were for under $150,000, demonstrating the accessibility of this program to even the smallest of small businesses”.  They go on to state that, “The Paycheck Protection program is saving millions of American jobs and helping small businesses get through this challenging time.  We urge Congress to protect millions more American workers and their families by appropriating additional funding to support PPP.”

Read the full press release HERE, and click HERE to view the updated data.