AUSTIN (AUSTIN BUSINESS JOURNAL) — As of April 13, 88,434 Paycheck Protection Program loans worth nearly $21.8 billion have been approved for Texas-based small businesses, according to U.S. Small Business Administration data.
Throughout the country, more than 1 million loans worth more than $247.5 billion had been approved as of April 13, according to the data obtained by Boston Business Journal. The SBA data, made public for the first time April 14, show the remarkable number of companies that applied for funding in the program’s first 11 days.
Texas had more loans approved through April 13 than any other state — about 11% of the nation’s total. California was No. 2 at 54,922 loans approved for nearly $20.9 billion.