Tax & AccountingJuly 31, 2020

Small Business Administration Weekly PPP Loan Approval – Week of July 24

Small Business Administration Weekly PPP Loan Approval – Week of July 24

The Small Business Administration released their most recent weekly report Paycheck Protection Program (PPP) loan approvals as of July 24:

The top line information is provided below. For more detailed data see https://www.sba.gov/sites/default/files/2020-07/PPP_Report_Public%20-%202020-07-25-508.pdf:

As Of: Total # Loans $ Approved Average Amt. Amt Remaining
7/24 5,005,261 $519,505,881,228 $104K $130,096,258,496
7/22 4,973,527 $518,684,160,547 $104K Not Reported
7/10 4,907,655 $517,417,286,175 $105K $132,189,028,196
6/30 4,885,388 $521,483,817,756 $107K $131,914,229,876
6/27 4,798,187 $518,855,402,128 $108K $134,453,990,454
6/20 4,666,560 $514,939,789,916 $110K $128,355,981,685
6/12 4,576,388 $512,271,684,146 $112K $129,753,635,070
6/6 4,531,883 $511,382,171,979 $113K $130,681,819,671
5/30 4,475,599 $510,234,498,923 $114K Not Reported
5/23 4,426,118 $511,231,948,095 $116K Not Reported
5/16 4,341,145 $513,271,137,359 $118K Not Reported

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Mark Friedlich
Vice President of US Affairs for Wolters Kluwer Tax & Accounting
Mark Friedlich, a CPA & tax lawyer, is the Vice President of US Affairs for Wolters Kluwer Tax & Accounting. He is a member of the U.S. Senate Finance Committee’s Chief Tax Counsel’s Advisory Board, advisor to 14 state taxing authorities, and has been a member of the American Bar Association’s Tax Section and AICPA’s Tax Section leadership teams. Prior to joining Wolters Kluwer he was a COO and Principal at PwC.

 

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