SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program
… more than $7 billion ($3.2 billion in Round 2) in PPP loans. The additional $6.8 billion will ensure that … Economic Security Act (CARES Act) and provides forgivable loans to small businesses affected by the COVID-19 pandemic … employees on the payroll. To date, more than 4.4 million loans have been approved for over $510 billion for small …