SBA: Paycheck Protection Program runs out of money

THE SMALL BUSINESS ADMINISTRATION said Wednesday that the Paycheck Protection Program has been exhausted. Above, President Joe Biden speaks after signing the PPP Extension Act of 2021. / AP FILE PHOTO/EVAN VUCCI
NEW YORK (AP) – The government’s key COVID-19 relief program for small businesses has run out of money. The Small Business Administration said Wednesday that the Paycheck Protection Program has been exhausted. As of Sunday, the PPP had given out nearly 10.8 million loans worth more than $780 billion since April of last year. The…

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