About: http://data.cimple.eu/news-article/92652dd3f02343d48de32a65fd9c07d01e467942ce346da1d54765b4

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rdf:type	schema:NewsArticle
schema:articleBody	A massive loan program aimed at keeping US small businesses from closing their doors due to the coronavirus pandemic has aided 1.6 million enterprises nationwide, officials said on Friday. The Paycheck Protection Program (PPP) was part of a massive $2.2 trillion stimulus bill passed late last month to spare the world's largest economy the worst effects of the pandemic. Yet unemployment data shows 22 million people have lost their jobs since mid-March, and the $349 billion allocated to the PPP had been completely spent by Thursday. In a joint statement on Friday, Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) chief Jovita Carranza said the program "is saving millions of American jobs and helping small businesses get through this challenging time." "The SBA processed more than 14 years' worth of loans in less than 14 days, which will protect a vast number of American jobs," the statement said, noting 1.6 million small businesses in all 50 states and territories received money from 5,000 different lenders. "The vast majority of these loans -- 74 percent of them -- were for under $150,000, demonstrating the accessibility of this program to even the smallest of small businesses," the statement said, noting that the recipients were spread across the economy. With the fund tapped out, Democratic and Republican lawmakers in Congress are negotiating over adding another $250 billion. "We urge Congress to protect millions more American workers and their families by appropriating additional funding to support PPP," the statement said. cs/ft
schema:headline	US says loan program aided 1.6 mn small businesses
schema:mentions	Steven Mnuchin Purchasing power parity United States Department of the Treasury Urge (digital music service) History of the United States Republican Party United States Congress Pandemic United States Coronavirus Jovita Carranza Small Business Administration
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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