PPP supported more than 51 million jobs amid coronavirus: House Republicans

The report, first obtained by FOX Business, stated that the Small Business Administration, under the CARES Act, was able to fund more than 4.9 million PPP loans, and protected millions of jobs, especially those in underserved populations.

Republicans on the committee stated in their report that the Trump administration and financial institutions were focused on reaching “diverse communities and businesses” that were hit the hardest by the pandemic.

“Most financial institutions made direct outreach to minority-owned businesses and underserved communities early in the process,”

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