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SBA PPP Update: Deadline Today & Numbers As of 6/27

Michigan Business Network
June 30, 2020 4:00 PM

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As a reminder, the deadline for the SBA to approve Paycheck Protection Program loans is today at 11:59 p.m. EDT. An updated Paycheck Protection Program Report showed as of June 27, approximately 4.8 million PPP loans have been approved nationally and $134 billion remains available (when accounting for statutory program costs) to be approved.Great Lakes Region state and total PPP loan data is below, showing more than 715,000 small businesses and non-profits in the six states have been approved for PPP loans. This is an increase of more than 17,700 over the June 20, 2020, approvals for the region. 

The SBA will continue to update you on detail on the PPP with respect to its conclusion and forgiveness as information becomes available. 

State

PPP loan # as of 6/27/20

PPP loan $ as of 6/27/20

IL

198,623

$22,389,201,841

IN

77,872

$9,457,392,872

MI

119,516

$15,915,503,397

MN

96,572

$11,167,877,245

OH

138,286

$18,307,963,442

WI

84,301

$9,853,564,615

Region Total

715,170

$87,091,503,412

For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirusrelief and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español).

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