March 2, 2021—The latest Paycheck Protection Program report has been released, detailing the approved lending through February, according to the Small Business Administration's website.
Nearly 2.2 million loans have been approved in 2021 totaling $156 billion. Over the entirety of PPP, 7.3 million loans have been approved for $678 billion. Over 70 percent of the approved loans have been for 50,000 or less.
The deadline to submit an application for the second round of PPP loans is March 31. To learn more about the second round of PPP and the changes made from the first round, click here.
