SBA Stops Accepting PPP Loan Applications – Funding Runs Out

The U.S. Small Business Administration stopped accepting applications for the Paycheck Protection Program after exhausting the initial $349 billion in funding provided by Congress to fund forgivable loans to small businesses impacted by the COVID-19 pandemic. The SBA, which is administrating the program with Treasury, posted a statement on its website saying that it is currently … Continue reading SBA Stops Accepting PPP Loan Applications – Funding Runs Out