The U.S. Small Business Administration (SBA) released an updated Paycheck Protection Program (PPP) Report detailing data from the second round of PPP funding through May 8.
Round 1 of the PPPP saw 4,842 Alaskan businesses receive $922 million. As of May 8 in Round 2, 4,750 businesses have received $368 million. Total, 9,592 AK businesses have received $1.3 billion in PPP across the state.
This report contains PPP loan numbers and volume by state along with lender segments – including PPP loans made by CDFIs, MDIs, non-banks, and lenders with less $1 billion in assets.