11:32 am
July 7, 2020
New figures from the U.S. Treasury Department show that businesses in Washington received a total of 101,049 loans through the paycheck protection program (PPP) through June 30. The total amount loaned to Washington businesses was $12.302 billion.
According to Treasury, 74 percent of small business payroll in Washington was covered by PPP loans.

Treasury also released more detailed information on the loans in each state than has previously been available, including industry sectors and the jobs expected to be retained. Washington businesses expect to retain 906,622 jobs due to the loans—that’s 26.4 percent of average annual employment in the state. In Washington, 53.1 percent of the loans and 55.8 percent of the jobs retained occurred in the accommodation and food services; healthcare and social assistance; construction; retail trade; and professional, scientific, and technical services sectors.

As of June 30, there was $131.914 billion left in the program. June 30 was the original deadline for applications; last week Congress extended the deadline to August 8.
Categories: Economy.Tags: CARES Act , COVID-19