Small business loan funds are tapped out: Here's what owners need to know now

David Nichol, the owner of Sociale, takes orders via his computer on March 27, 2020 in San Francisco, California.

It took just under two weeks.

That's how quickly the nearly $350 billion allocated for forgivable small business loans in the Paycheck Protection Program was depleted.

Recommended for you

(0) comments

Welcome to the discussion.

Please log in, or sign up for a new, free account to read or post comments.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.