Delaware remained 50th in a listing of Payroll Protection Program loan approvals.
Figures from the Small Business Administration for the period ending Feb. 7, showed Delaware at the bottom of a list of 50 states in both the number of loans and the dollar value.
South Dakota – a state with an estimated population of 858,000 versus 975,000 in Delaware – recorded more than 13,800 loan approvals. The First State was ended up just short of 2,800 approvals with a total value of $287,878,321
In the first round of PPP loans last year, Delaware got off to a slow start, but posted a strong final performance with 11,427 loans with total volume at $1,455,089,694.
Under the Payroll Protection Act, loans can be forgiven if the company or nonprofit retains jobs.
(See earlier story below on Delaware’s performance during the earliest stage of the PPP application process)
$1.45 billion in loans issued under Payroll Protection Program went to Delaware organizations
