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Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.
Lenders under $10 billion in assets have made some 2.43 million PPP loans worth nearly $229 billion through both rounds of funding. Lenders from $10 billion to $50 billion in assets made more than 730,000 loans worth more than $100 billion.
Combined, the two asset classes account for more than 66 percent of approved loans and more than 63 percent of the approved dollar amount.