Trump extends coronavirus PPP loan application deadline to August 8
President Trump signed off on Saturday to give businesses another five weeks to apply for funds through the Paycheck Protection Program.
Why it matters: Roughly $130 billion in PPP funding is still available. The Small Business Administration's inspector general found in May that some rural, minority and women-owned businesses may not have gotten loans due to a lack of prioritization from the agency.
Where it stands: The SBA said that the program had approved over 4.8 million loans as of Tuesday, per the Washington Post — approximating $520 billion.
Go deeper: Senate passes PPP extension through August