Small Business

12,417 Vermont small businesses and nonprofits were approved for $1.2 billion of loans through the U.S. Small Business Administration’s Paycheck Protection Program as of August 8, 2020. Of this amount, there were 10,854 loans of $150,000 or less and 1,563 loans of between $150,000 and $10 million. The loans will be fully forgiven when used for up to 24 weeks of payroll costs and interest on mortgages, rent, and utilities.


Source: SBA Paycheck Protection Program Loan Level Data, https://home.treasury.gov/policy-issues/cares-act/assistance-for-small-businesses/sba-paycheck-protection-program-loan-level-data

 


Source: SBA Paycheck Protection Program Loan Level Data, https://home.treasury.gov/policy-issues/cares-act/assistance-for-small-businesses/sba-paycheck-protection-program-loan-level-data

 


Source: SBA “Paycheck Protection Program (PPP) Report: Second Round” and “Paycheck Protection Program (PPP) Report: First Round.” https://www.sba.gov/document/?program=PPP

 

 

 

 

 

Contact Information

132 State Street
Montpelier VT 05633-5101
Phone: 1-802-828-2281
Toll-Free in VT: 1-877-290-1400
Fax: 1-802-828-5599

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