To help small business during the coronavirus pandemic, the CARES Act created the Paycheck Protection Program. This was established in addition to the Small Business Administration's EIDL program, which provides loans to small businesses affected by declared disasters. Small businesses are those with less than 500 employees and make up about 99.6% of all Georgia businesses.
PPP Loans

Small Business Administration-August 10th

Weekly Recap In the July 31st edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. The cumulative amount of loans outstanding in GA for the last two weeks increased by 6949—from 160,449 to 167,398 active loans. The cumulative dollar amount of loans in GA for the last two […]

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In the Press

Small Business Administration-July 27th

Weekly Recap In the July 17th edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. The cumulative amount of loans outstanding in GA increased by 2,121—from 158,328 to 160,449 active loans. The cumulative dollar amount of loans in GA increased by $31,280,680—from $14.332 Billion to $14.363 Billion. While […]

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Small Business Administration-July 20th

Recap of last week’s numbers In the July 10th edition of the Paycheck Protection Program report, the Small Business Administration released updated loan approval data. Cumulative loans increased by 1,514 up to a total of 158,328. Meanwhile, the cumulative dollar amount of loans decreased by $170,766,592, down to a total of $14,332,157,048. While the month […]

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Small Business Administration-July 13th

SBA In their most recent Paycheck Protection Program report, the Small Business Administration released loan approval data through to June 30th. In just the three days since their previous report, the number of approved loans increased by 4,432, up to 156,814. The dollar amount increased by $137,025,061, up to 14,502,923,640. Through the last reported period, […]

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SBA Loans 6/22-6/26

The Small Business Administration released a PPP Report with loan approval data through 6/27. There are now 152,382 loans and $14,365,898,579 dollars approved in round 2 of PPP funding in the state of Georgia. 6,759 loans were approved in the last week since June 20th, which is a larger difference in new approvals since the […]

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SBA Loans 6/15-6/19

The Small Business Administration released its weekly PPP Loan report with data through June 20, 2020. The cumulative number of PPP Loans given out (still in round 2 of funding) was 145,623 and the net dollars was $14,163,368,242. This is up 4,626 loans and $121,356,238 net dollars from the PPP Loan report with data through […]

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SBA Loans 6/8-6/12

The Small Business Administration released a new PPP Report with approvals through 6/12/2020, still in the second round of funding. Banks and credit unions in Georgia have given out a total of 140,997 loans, totaling $14,042,012,004. This is an increase of 1,782 loans and an increase of $33,850,243 from the June 6 Report. Due to […]

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SBA Loans Overview

On March 27th, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES Act), which provides funding to small businesses that have suffered losses from the pandemic.

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Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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