BRAC’s May 6 COVID-19 Brief: How long will the new PPP funding last?

The second tranche of funding for the Paycheck Protection Program (PPP) is on pace to be exhausted this week, with $175 billion, or 56%, accessed as of May 3. To facilitate Capital Region companies taking advantage of the PPP before the funding is fully spent, BRAC staff reached out to lenders across the region last week to determine which are taking applications, and whether they are taking applications from only existing customers or from all applicants. That working list is available in BRAC’s latest blog post, along with loan data for Louisiana businesses.


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