Coronavirus News
Coronavirus Trump extends coronavirus PPP loan application deadline to August 8
President Trump signed off on Saturday to give businesses another five weeks to apply for funds through the Paycheck Protection Program.Why it matters: Roughly $130 billion in PPP funding is still available. The Small Business Administration’s inspector general found in May that some rural, minority and women-owned businesses may not have gotten loans due to…
Coronavirus
President Trump signed off on Saturday to give businesses another five weeks to apply for funds through the Paycheck Protection Program.
Why it matters: Roughly $130 billion in PPP funding is still available. The Small Business Administration’s inspector general found in May that some rural, minority and women-owned businesses may not have gotten loans due to a lack of prioritization from the agency.
Where it stands: The SBA said that the program had approved over 4.8 million loans as of Tuesday, per the Washington Post — approximating $520 billion.
Go deeper: Senate passes PPP extension through August
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