Lenders under $10 billion in assets have made some 2.74 million Paycheck Protection Program loans worth more than $233 billion through both rounds of funding, the SBA reported.
August 12, 2020 / By ICBA
Lenders under $10 billion in assets have made some 2.74 million Paycheck Protection Program loans worth more than $233 billion through both rounds of funding, the SBA reported.
According to an SBA summary of loan approvals through Aug 8, lenders from $10 billion to $50 billion in assets made nearly 770,000 loans worth more than $100 billion. A total of 5.2 million PPP loans have been made, aggregating $525 billion.
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