Massachusetts businesses landed $1 billion a day in Paycheck Protection Program loans this week –

Nearly 47,000 small businesses in Massachusetts were approved for a combined $10.36 billion in Paycheck Protection Program loans before the program ran out of funding on Thursday, according to newly published data.  The Bay State punched above its weight when it comes to PPP activity. It ranked ninth in terms of both the number and value of the loans approved by the U.S. Small Business Administration (SBA), even though it ranks 15th among states in total population.

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