Paycheck Protection Program Lending Extended Into August

The video discusses the extension of the Paycheck Protection Program (PPP) lending for small businesses during the pandemic, highlighting bipartisan support for the measure. It also addresses frustrations over delayed data release by the Treasury and SBA. The PPP, a key part of the CARES Act, has distributed over $520 billion, with $150 billion still available. The average loan size is $107,000.

What was the total amount distributed by the PPP to small businesses?

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What was the average loan size provided by the PPP?

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