PPP Demand to Dwarf 2019 SBA Loan Volume

You’ve probably seen these numbers from SBA. 

SBA FY19 total loan volume reaches over $28 billion with more than 63,000 approved loans.”

Now SBA needs need to pump out 12x the FY 2019 dollars ($349B). Even if every were $10B (and they won’t be anywhere close to that), that’s at least 60% of the FY volume/number of loans in a matter of weeks. 

We’re gonna need a bigger boat.  

The Hilarious Way Jaws Came Up With Its Most Famous Line - CINEMABLEND