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Paycheck Protection Loan Program (PPP)

Program Funding
Total Spent
$811.6B
 
Total Obligated
$811.6B

Some agencies choose to report funding totals for multiple programs in a single submission. The obligated and spent totals shown here only reflect those reported for this program alone. To see all money associated with this program, use the All Pandemic Awards dashboard and search for the program in the filter bar.

Number of Awards
11,467,808
Assistance Listing
59.073
Published Date
Objectives
The Paycheck Protection Program established by the CARES Act is implemented by the Small Business Administration with support from the Department of the Treasury. The effective period began March 27, 2020 through August 8, 2020. The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) enacted on December 27, 2020, provided appropriations through May 31, 2021 or until funds are expended, for the PPP loan program. SBA reopened the Paycheck Protection Program (PPP) for First Draw Loans the week of January 11, 2021. First Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations. Additionally, The…

View the full description on SAM.gov
Total Rows 530