U.S. processes over $500 billion in small business loans to stem coronavirus fallout

The U.S. Small Business Administration has processed over 3.8 million loans for more than half a trillion dollars since the launch of the Paycheck Protection Program on April 3 to deal with the economic fallout of the coronavirus outbreak, according to a joint statement by the SBA and the Treasury Department.

from Reuters: U.S. https://ift.tt/2YAofKW