DENVER (CBS4)– The Small Business Administration approved a total of $60,000 Paycheck Protection Program loans in just one week. The PPP was revived on Jan. 11.
The SBA made several changes to the program including loan periods, what the money can be used for and types of eligible businesses.
During the first week, the program focused on helping minority, women and veteran-owned small businesses. Businesses can continue to apply through March 31.