PPP Runs Out of Funds for Most Lenders
Post date
May 10, 2021
Body
Dan Ennis, Construction Dive
The Paycheck Protection Program has run out of funds and its portal has stopped accepting applications for loans from most lenders, the American Bankers Association posted Tuesday, May 4 on its website, citing a Small Business Administration update.
Some of the money is still available through minority depository institutions and community development financial institutions, although the estimated amount varies slightly, according to trade groups.