PPP SAVED 55 MILLION JOBS

KEY POINTS:

  • Last year, congress delivered more than $1 billion in small business relief, including more than $800 billion for PPP during COVID-19.
  • According to the Census Bureau, nearly 75 percent of all small businesses in the entire country received a PPP loan.
  • Businesses receiving PPP loans report retaining over 55 million jobs.
  • The first round of relief helped 5.2 million small businesses alone.
  • Over 3.5 million PPP loans went to businesses with fewer than 10 employees, and the average business receiving a PPP loan employed 13 workers.
Source