PPP is Out of Funds

Cathy Roth
Posted by Cathy Roth on May 5, 2021 2:58:41 PM

The SBA has announced that it has run out of money for most borrows. This announcement comes well before the planned May 31, 2021 expiration of the program. The SBA said in a statement it will continue to fund applications that have been approved.

There are still active programs that are currently taking applications for additional financial assistance for businesses affected by COVID.

Topics: Finger on the Pulse


 

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