As we wait to learn the fate of the second stimulus bill, the SBA posted details of the Paycheck Protection Program loans that were approved for under $150,000 by State, and also a list of approved loans over $150,000 by State. The data includes bank/lender names.
We are pleased to see our clients and familiar banks on these lists. It has been a very busy and uncertain time for businesses throughout our country.
In addition, the SBA released an update on the status of Economic Injury Disaster Loan (EIDL) nationwide.
For a complete review of the PPP loans and EIDL to date, visit one of the links below.
Paycheck Protection Program Loans under $150,000 by State: click here.
Paycheck Protection Program Loans over $150,000 by State: click here.
Disaster Assistance Update: Nationwide EIDL Loans, July 3, 2020: click here.
As always, if you have questions about this or other topics, please know we are available to speak by phone at 215-675-8364 or you may reach us via email at firstname.lastname@example.org.
DISCLAIMER: The WM Daily Update COVID-19, COVID-19 Business Resources and COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.