$22 billion+ (and counting) in PPP funds to PacNW small biz

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Pacific Northwest Region - May 19, 2020

u s small business administration
Paycheck Protection Program


SBA Releases PPP Report Including State Loan Data Through May 16

The SBA released an updated Paycheck Protection Program (PPP) Report detailing total data from both rounds of PPP funding through May 16 

The following is summary of all available PPP data for states in the SBA Pacific Northwest Region plus national numbers for reference:

AK 9,890 $1.2 billion; ID 28,125 $2.6 B; OR 55,882 $6.8 billion; WA 90,505 $12.1 billion; PNW 184,402 $22.7 billion; Nat'l 4.3 mil $513 bil


Approximately 5,500 lenders have teamed up with the SBA to provide PPP loans to small businesses
a 200% increase in lender participation compared to the approximately 1,800 lenders who participated in the SBA 7(a) Loan Program prior to the Coronavirus outbreak 

SBA Pacific Northwest Regional Administrator Jeremy Field

From SBA Pacific Northwest Regional Administrator Jeremy Field:

"The Payment Protection Program
 is the economic boost, good news and hope small businesses need right now. We are encouraged to see the data reflects the ongoing trend playing out anecdotally: more and more smaller businesses are accessing PPP funds, just as the legislation intended.” 

 

Visit the Paycheck Protection Program page on the SBA website for more information for borrowers and lenders along with all available data reports:

SBA.gov/paycheckprotection  

More Than $100 Billion in PPP Funds Still Available for Small Businesses

PPP funds are still available for small businesses, sole proprietors, independent contractors, self-employed persons, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, and Tribal businesses.

To apply for this forgivable loan, connect with one of nearly 5,500 lenders to start the process using the PPP Lender Finder or by contacting your local SBA office.

Find a lender

Contact local SBA office

 

Recovery Information Available in Other Languages


The SBA is providing materials in the following languages to help business owners recover:

  • Spanish - español
  • Arabic - العربية
  • Chinese (Mandarin/Cantonese) - Simplified - 中文简体
  • Chinese (Mandarin/Cantonese) - Traditional - 中文繁軆
  • French - Français
  • German - Deutsche
  • Gujarati - ગુજરાતી
  • Haitian Creole - Kreyòl Ayisyen
  • Hindi - हिन्दी भाषा
  • Italian - Italiano
  • Japanese - 日本語
  • Korean - 한국어
  • Polish - Polski
  • Portuguese - Português
  • Russian - русский язык
  • Tagalog - Tagalog
  • Vietnamese - Tiếng Việt

View materials

 


 

For more information about PPP and other funding options for small businesses visit:

SBA.gov/CoronavirusRelief

 

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SBA.gov/updates