Shortly after 10 a.m. on April 16, funding for the Paycheck Protection Program officially was tapped out.
The Small Business Administration announced that it had granted delegated authority to disperse more than $339 billion in funds across more than 1.6 million loans to nearly 5,000 lenders across the country. It will not, however, be taking applications without new funding.
Read on for information on the next steps in the future of the program.