Blog, February 2021

February 23, 2021--In early February, the SBA released data on more than 891,000 Paycheck Protection Program (PPP) loans issued since the reopening of the program on January 11. Of this new tranche of loans, roughly 106,000 were of $150,000 or more, amounting to $45 billion in sum. Those new loans of $150,000 or more are now available on Covid Stimulus Watch.

Since December, the SBA has disclosed exact dollar amounts for all PPP loans in its data releases. The new batch of loans, as well as previous loans, are available on Covid Stimulus Watch with exact loan values, allowing for more

Last week, Republican Senators unveiled an alternative to President Biden’s stimulus proposal. While the viability of this Republican proposal continues to wane, emerging concerns about “unspent” funds and aid overkill are likely to endure in future stimulus discussion and are worth public consideration.

PPP loan data are now available for all first and second round loans with approval dates up to January 31.