Four weeks before its scheduled end date, news sources and trade associations are reporting the Paycheck Protection Program is out of funds. The SBA has yet to confirm this fact, but one thing that is certain is that any future funding is very limited.
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Sources Reporting the Paycheck Protection Program is out of Money
Some money remains available for lenders to finish processing pending applications that were already submitted to the agency, according to S.B.A. officials and lenders. But people whose applications had not yet been sent in for approval are at risk of being shut out.