The U.S. Small Business Administration announced Tuesday that it approved approximately 60,000 Paycheck Protection Program loan applications submitted by nearly 3,000 lenders, for more than $ 5 billion, in the first week of its reopening, Jan. 11-17 . The PPP provided dedicated access to community-based financial institutions specializing in serving underserved communities, including small businesses owned by minorities, women and veterans Monday through Thursday, which were joined by more lenders on Friday. small. As of Tuesday this week, the program is now open to all participating lenders. The Paycheck Protection Program remains open for first and second draw PPP loans until March 31, as outlined in the Economic Aid Act, or until appropriate funding by Congress runs out. .