Paycheck Protection Program lends $5 billion in first week

In the first week of the second round of the Paycheck Protection Program (PPP2), 60,000 loans were approved natinwide. The 60,000 loans submitted Jan. 11-17 by almost 3,000 lenders totaled more than $5 billion. The U.S. Small Business Administration gave underserved businesses a head start, benefiting minority, women and veteran-owned businesses.