Paycheck Protection Program Continues

Paycheck Protection Program Continues
Posted on 05/14/2020
BusinessFunding is still available through the Small Business Administration Paycheck Protection Program (PPP).

For round two of the program, approximately $56 billion in approved loans have been made by small lenders. The average loan size is $79,000, compared to $206,000 in round one, proving the focus on small business. For Washington state, more than 50,288 loans worth $5 billion have been approved. That’s significantly more businesses than the first round, meaning more Washington businesses are accessing PPP funds. As of May 5, approx. $135 billion in PPP funding is still available for small businesses. Don’t delay. Contact your banker to submit an application.