SBA Update

June 22, 2020

Fixed-Rate DCPC Pools

June Fixed-Rate DCPC Auction

Floating-Rate 7(a) Pools

Paycheck Protection Program (PPP) – Disclosures Announced

PPP Forgiveness – EZ Application Form Available

Summary of Paycheck Protection Program (data as of June 20, 2020)

Through June 20th, $514.94 billion in PPP loans have been approved by the SBA totaling 4.67 million small business loans through 5,456 participating lenders.  The average size of PPP loans is $110,347 and the amount of PPP funding remaining is $128.36 billion.  The last day to apply for PPP loans is June 30, 2020.

Dan Stimpson, CPA

Senior Vice President, Investment Strategies

Vining Sparks IBG, LP

The information included herein has been obtained from sources deemed reliable, but it is not in any way guaranteed, and it, together with any opinions expressed, is subject to change at any time. Any and all details offered in this publication are preliminary and are therefore subject to change at any time. This has been prepared for general information purposes only and does not consider the specific investment objectives, financial situation and particular needs of any individual or institution. This information is, by its very nature, incomplete and specifically lacks information critical to making final investment decisions. Investors should seek financial advice as to the appropriateness of investing in any securities or investment strategies mentioned or recommended. The accuracy of the financial projections is dependent on the occurrence of future events which cannot be assured; therefore, the actual results achieved during the projection period may vary from the projections. The firm may have positions, long or short, in any or all securities mentioned. Member FINRA/SIPC.
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