Paycheck Protection Program

Call Us Now To Schedule An Appointment!
  • +1 956-233-7841
secure plus financial

Will 2 months and $60 billion be enough for PPP?

Vector image illustration of a goverment building, dollar bills, and dollar coins displaying a government building with coins and dollars depicting the SBA Paycheck Protection Program Loan

A week ago, on Tuesday, March 30, 2021, the President signed into law the PPP Extension Act of 2021. During that time, the SBA approved $11 billion worth of PPP loans. Only about $60 billion remain available to borrowers. Will this amount cover thousands of small businesses still applying?

Here are some insights:
  • As of 2021, the SBA have approved almost 4 million loans for a combined amount of $223 trillion
  • SBA officials are expecting for the Paycheck Protection Program funds to be depleted by the end of April.
  • Borrowers and lenders are requesting changes to the program to include additional funding to allow small businesses to apply for additional relief.
  • Financial institutions stated that the larger businesses have already applied for loans and that applications from small businesses are not being processed.
  • There’s still over 7 weeks available to send your application. This is a great time for small businesses owners to apply for the SBA PPP Loan.

Do you need help with a free review of your application? Schedule here:


Are you struggling to find Financial Guidance during the COVID-19 hardship?

We’ve been helping clients with disaster relief, survival budgeting, and cash management plans since March!


secure plus financial

Related Updates