Payment Protection Program Runs Out Of Money Ahead Of May 31 Application Deadline

NORTH TEXAS (CBSDFW.COM) – The enormously popular small business relief program, known as the Payment Protection Program (PPP) has run out of money.
During the past year, more than 8 million small businesses were given a PPP loan. In most cases, these businesses will not be required to pay these loans back.
The relief program has cost taxpayers more than $770 billion.
While the federal program has been plagued with fraud, it has also been a lifeline for businesses struggling with pandemic