Approximately 4.9 million loans totaling more than $521 billion were made to businesses and nonprofits under the Paycheck Protection Program as of June 30, the U.S. Small Business Administration announced Monday.
“The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators,” said SBA Administrator Jovita Carranza. “Today’s data shows that small businesses of all types and across all industries benefited from this unprecedented program, and last week’s jobs numbers reinforce that PPP is keeping employees on payroll and sustaining millions of small businesses.”
Monday’s release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, nonprofit information, name of lender, jobs supported, and loan amount—accounting for nearly 75 percent of the loan dollars approved. For all loans below $150,000, SBA is releasing information except for bus...
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