U.S. News

Paycheck Protection Program Is Out of Cash, Sooner Than Expected

‘CLOSED TO NEW APPLICATIONS’

The federal government’s PPP, which offered forgivable loans to small businesses affected by COVID-19, is out of funding.

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Doug Mills/Getty

The Paycheck Protection Program, set up by the federal government to help small businesses amid the COVID-19 pandemic, is out of funding and no longer accepting most new applications.

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