As discussed, Congress has set aside $60 billion in the second round of funding of the Paycheck Protection Program (PPP) to be administered by small lenders and community banks—exact details have yet to be released.
Using SBA data, HED has published this list of institutions that provided loans to Massachusetts companies in the first round of the Paycheck Protection Program. The list also includes all entities that appeared on the SBA’s approved lenders list, which was last updated on April 13, 2020. Lenders on this list are categorized by asset level, so businesses can easily identify which institutions will be eligible for the $60 billion carveout. We have also noted which of these lenders are state chartered institutions.
This list will be updated as we become aware of additional approved lenders.
Executive Office of Housing & Economic Development
The Commonwealth of Massachusetts