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Paycheck Protection Program: Program Changes Increased Lending to the Smallest Businesses and in Underserved Locations

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Description
Explores trends in small business and lender participation in the Paycheck Protection Program (PPP). Examines the percentage PPP loans by type of business or county, including rural and high-minority counties, compared with the percentage of all small businesses. Discusses how policy changes for Phases 2-3 of the program impacted the distribution of program funds.
Date
09/2021
Type
Document
Organization
Government Accountability Office
Tagged as
Community and economic development · Funding · Healthcare business and finance · Policy · Rural-urban differences