SBA Releases Updated Paycheck Protection Program Report with Second Round Funding Status and Loans by State
Summary
An SBA news release published May 15, 2020 from Chicago, announcing an updated Paycheck Protection Program Report with data through May 8 from the second round of PPP funding provided in the Paycheck Protection Program and Health Care Enhancement Act. It states that more than $89 billion has been approved for small businesses and non-profit organizations in the Great Lakes Region, which includes Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin. A table gives each state's PPP loan counts and dollar amounts for round one, as of April 16, and for round two and in total, as of May 8, 2020. It lists Illinois with 171,798 loans totaling $22,946,134,453 and Indiana with 71,614 loans totaling $9,664,484,919.
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Archived news release SBA Releases Updated Paycheck Protection Program Report with Second Round Funding Status and Loans by State CHICAGO – The U.S. Small Business Administration released an updated Paycheck Protection Program Report with data through May 8 from the second round ... Published on May 15, 2020 CHICAGO – The U.S. Small Business Administration released an updated Paycheck Protection Program Report with data through May 8 from the second round of PPP funding provided in the Paycheck Protection Program and Health Care Enhancement Act. In the Great Lakes Region, which includes Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin, more than $89 billion have been approved for small businesses and non-profit organizations. Great Lakes Region state-specific PPP loan details for each round (round one as of April 16; round two and totals as of May 8, 2020) are: State | PPP Round 1 # | PPP Round 1 $ | PPP Round 2 # | PPP Round 2 $ | Total PPP # | Total PPP $ IL | 69,893 | $15,972,578,071 | 101,905 | $6,973,556,382 | 171,798 | $22,946,134,453 IN | 35,990 | $7,491,445,351 | 35,624 | $2,173,039,568 | 71,614 | $9,664,484,919 MI | 43,438 | $10,381,310,070 | 66,790 | $5,822,149,865 | 110,228 | $16,203,459,935 MN | 46,383 | $9,014,060,040 | 42,863 | $2,351,171,512 | 89,246 | $11,365,231,552 OH | 59,800 | $14,108,889,927 | 66,359 | $4,945,138,628 | 126,159 | $19,054,028,555 WI | 43,395 | $8,317,705,842 | 34,118 | $1,785,329,072 | 77,513 | $10,103,034,914 REGION TOTAL | 298,899 | $65,285,989,301 | 347,659 | $24,050,385,027 | 646,558 | $89,336,374,328 National summaries are posted more frequently, with the latest data available May 10 showing more than $120 billion in PPP funds still available for small businesses and non-profits impacted by the COVID-19 pandemic. Overall across the nation, more than 4.2 million PPP loans totaling approximately $530 billion have been approved. # # # About the U.S. Small Business Administration The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov . Media contacts U.S. Small Business Administration Email Press_Office@sba.gov
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