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716-633-1373 8321 Main Street, Williamsville, NY 14221
Tronconi Segarra & Associates

Tronconi Segarra & Associates

Williamsville, Buffalo & Western New York CPA

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SBA Publishes New Report on PPP Loan Approvals from April 27 to May 1

May 4, 2020

The U.S Small Business Administration (“SBA”) issued a new Paycheck Protection Program (“PPP”) report, providing information on the second round of PPP loan approvals from April 27, 2020 through May 1, 2020.

  • Over 2.2 million loans have been approved, totaling more than $175 billion, since lenders resumed accepting loan applications on April 27.
  • Over 5,400 banks, lenders and other financial institutions have participated in sourcing loans (more than 5,200 of these lenders were institutions with less than $10 billion in assets).
  • Over 164,000 loans, totaling close to $18 billion, have been approved in the second round of PPP loan approvals for small businesses across New York State. Only the state of California (over $33 billion) had had more loans, in terms of dollars approved since April 27.
  • The overall average loan size approved in the second round is $79,000.

See the full report below or on the SBA website here

For additional information on the Paycheck Protection Program and other Federal, state and local relief measures, please visit our COVID-19 Resource Center on our website. If you have any questions, please contact your Tronconi Segarra & Associates advisor or a member of our response team at

 

This website has been prepared for general guidance on matters of interest only; it does not constitute professional advice. You should not act upon the information contained in this website without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy of completeness of the information contained in this publication; and, to the extent permitted by law, Tronconi Segarra & Associates LLP, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this website or for any decision based on it.

Copyright 2020 Tronconi Segarra & Associates. All rights reserved.

Filed Under: CARES Act, COVID-19, News, Paycheck Protection Program

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Tronconi Segarra & Associates LLP
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Phone: 716-633-1373
Fax: 716-633-1099

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Lockport, NY 14094
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