April 17, 2020

3 Things to Know Now That The SBA’s PPP Has Run Out of Money

The Small Business Administration’s $349 billion Paycheck Protection Program had a short but full life as its funding quickly dried up and lenders across the country exhausted the program by Thursday morning, less than two weeks after the first applications were accepted.

And now, after Congress failed Thursday to approve additional funding for the program, it has left the nation’s small businesses, and their banks, with one big question.

What happens next? Houston Business Journal has put together some answers for you.

Click here to read the full article.