Sunday, February 23, 2025

Paycheck Protection Program runs out of funding

Must Read

Kendrick Lamar’s Super Bowl Halftime Show: 10 Things You Didn’t See on TV

02/10/2025 From the superstar's most fleet-footed moment to an unexpected...

Kendrick Lamar Appears to Wear ‘A-Minor’ Chain, Recites Lyric During Super Bowl Set: Fans React

The entire stadium sang the controversial "Not Like Us" line in unison.

10 Best Super Bowl Commercials in 2025, Ranked

Bad Bunny, Becky G, Seal, Ludacris and more musical stars appeared in ads during the big game. ...

Four weeks before its scheduled end, the federal government’s signature aid effort for small business ravaged by the pandemic — the Paycheck Protection Program — ran out of funding Wednesday afternoon and stopped accepting most new applications.

Congress allocated $292 billion to fund the program’s most recent round of loans. Nearly all of that money has now been exhausted, the Small Business Administration, which runs the program, told lenders and their trade groups Wednesday.

While many had predicted that the program would run out of funds before its May 31 application deadline, the exact timing came as a surprise to many lenders.

“It is our understanding that lenders are

→ Continue reading at Boston - Business

- Advertisement -
Bellevue
overcast clouds
50.5 ° F
52.4 °
48.4 °
95 %
0.8mph
100 %
Sun
51 °
Mon
51 °
Tue
47 °
Wed
56 °
Thu
57 °
- Advertisement -

Latest News

Kendrick Lamar’s Super Bowl Halftime Show: 10 Things You Didn’t See on TV

02/10/2025 From the superstar's most fleet-footed moment to an unexpected...

Kendrick Lamar Appears to Wear ‘A-Minor’ Chain, Recites Lyric During Super Bowl Set: Fans React

The entire stadium sang the controversial "Not Like Us" line in unison.

10 Best Super Bowl Commercials in 2025, Ranked

Bad Bunny, Becky G, Seal, Ludacris and more musical stars appeared in ads during the big game.

Watch Kendrick Lamar Diss Drake, Perform With SZA & More at the 2025 Super Bowl Halftime Show

Even if you tuned in to watch Kendrick Lamar‘s electrifying 2025 Super Bowl...

Best Restaurants in the Seattle International District

Best Restaurants in the Seattle International...
- Advertisement -

More Articles Like This