IBA COVID-19 Updates 5-5-20
COVID-19 UPDATES
Nearly $10 Billion Goes to Indiana Small Businesses in PPP Loans
The Small Business Administration and the Department of the Treasury have released numbers for Paycheck Protection Program loan activity during Round Two, which began April 27. Through May 1 of Round Two funding, Indiana banks assisted in completing 31,757 PPP loans totaling $2,060,003,401 in approved dollars. Combining these figures with Round One activity, Indiana banks helped complete 67,747 PPP loans totaling $9,551,448,752 for small businesses.
Nationwide to date during Round Two, 5,432...