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Maryland surpasses $2 billion mark in PPP second round

February 18, 2021

Maryland surpassed the $2 billion mark in loan approvals for the second round of the Paycheck Protection Program last week as another 6,000 businesses across the state were authorized for funds. The latest data from the U.S Small Business Administration shows that 26,646 borrowers in Maryland received approvals for a combined $2.37 billion in loans as of Feb. 15. That represents a nearly 21% increase from $1.96 billion on Feb. 7. So far in the $284 billion second round, Maryland ranks 24th in borrowers and 17th for dollars.

Article Source: Baltimore Business Journal

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