The U.S. Small Business Administration announced today that the Paycheck Protection Program (PPP) has exhausted core funding after a year in operation and serving more than 8 million businesses.
The SBA will continue funding outstanding approved PPP applications but new qualifying applications will only be funded through Community Development Financial Institutions (CDFIs) as there is $8 billion remaining in set asides for those community groups.
You can search for local CDFIs via this link:
https://lnkd.in/gtKyV9P
Or search via SBA’s Lender Match tool:
https://lnkd.in/gxx_G8N