The SBA, in consultation with the U.S. Department of Treasury, released new and revised guidance for the Paycheck Protection Program. This includes:
- Interim Final Rule revising the first IFR to align with the PPP Flexibility Act and a second revision addressing eligibility for those with felonies
- Revised borrower and lender application
Second, the latest Paycheck Protection Program Report shows that as of June 12, approximately 4.6 million PPP loans have been approved nationally and more than $129 billion remains available when accounting for statutory program costs. Great Lakes Region state and total PPP loan data is below, showing more than 686,000 small businesses and non-profits in the six states have been approved for the loans.
|
State |
PPP loan # as of 6/12/20 |
PPP loan $ as of 6/12/20 |
|
IL |
188,227 |
$22,106,605,387 |
|
IN |
75,183 |
$9,379,316,204 |
|
MI |
115,043 |
$15,722,896,546 |
|
MN |
93,533 |
$11,086,134,591 |
|
OH |
132,731 |
$18,152,557,128 |
|
WI |
81,801 |
$9,782,045,310 |
|
Region Total |
686,518 |
$86,229,555,166 |
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).
|
