Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
… its launch, the SBA processed more than 14 years’ worth of loans in less than 14 days, which will protect a vast number … than $1 billion in assets, and approximately 60% of the loans were approved by banks with $10 billion of assets or … or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network …