As small businesses around the country go through a “hurry up and wait” phase as Congress debates potential new pandemic relief, the Small Business Administration released details of the Paycheck Protection Program, which stopped taking new applications Aug. 8.
The program, which was given $659 billion in two rounds of funding, still has $133.987 billion remaining, as Congress debates proposals for how the funding could be used.
Read on for more details from the agency’s report.