SBA Administrator Issues Statement on the Closure of Paycheck Protection Program
… begin to rectify these inequities -- in 2021, 96% of PPP loans went to small businesses with fewer than 20 employees. … the smallest of small businesses with 32 percent of the loans going to Low-and-Moderate Income (LMI) communities. … communities during this period, providing 1.5 million loans totaling $30 billion. PPP loans in 2021 averaged …