Industry News

The third round of the Paycheck Protection Program ran out of funds and closed to new loan applicants on May 28, three days earlier than the scheduled deadline, the Small Business Administration said. "The Paycheck Protection Program provided over 8.5 million small businesses and nonprofits the lifeline they needed to survive during a once-in-[a]-generation economic crisis," SBA administrator Isabella Casillas Guzman said.

Related Summaries