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Small business loans top $296B, with program set to hit $349B limit by the end of today


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  • 1.3 million Paycheck Protection Program loans have been approved with a total value of more than $296 billion through Wednesday afternoon, according to the Small Business Administration.
  • The program is quickly reaching its $349 billion limit and Congress has yet to agree on new funding.
  • It could reach that limit by the end of Wednesday, a source familiar said.
  • There are also other lifelines available to owners, but one of those programs — the Economic Injury Disaster Loan program — is seeing some delays.

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