SBA administrator issues statement on the closure of Paycheck Protection Program

U.S. Small Business Administrator Isabella Casillas Guzman has issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided more than $798 billion in economic relief to small businesses and nonprofits across the nation, keeping employees employed and helping businesses come back stronger than ever. “The Paycheck Protection Program provided over 8.5 million small businesses and nonprofits the lifeline they needed to survive during a once-in-generation economic crisis. I’ve heard story after story from small business owners across the country about how PPP funds helped them keep the lights on, pay their employees - and gave them hope,” Casillas Guzman said. “At the same time, millions of underser
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