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$5B in PPP loans approved in 1st week of 2nd round

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The revived Paycheck Protection Program issued $5 billion in forgivable loans in its first week.

The Small Business Administration approved roughly 60,000 applications from nearly 3,000 lenders.

The $5 billion issued so far represents about 2% of the $284 billion the program has available to lend under the latest stimulus package.

Read more from The New York Times.

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