PPP Runs Out of Funds for Most Lenders

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Dan Ennis, Construction Dive

The Paycheck Protection Program has run out of funds and its portal has stopped accepting applications for loans from most lenders, the American Bankers Association posted Tuesday, May 4 on its website, citing a Small Business Administration update.

Some of the money is still available through minority depository institutions and community development financial institutions, although the estimated amount varies slightly, according to trade groups.

 

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