The federal government’s Paycheck Protection Program ran out of funding for most small businesses on Tuesday, nearly four weeks early, but about $8 billion is still available through community financial institutions, which lend to such underserved groups as women and minorities.

Congress allocated $292 billion for the most recent round of the popular Paycheck Protection Program and in March extended the application deadline to May 31.

Nearly all of that money was exhausted as of Tuesday, the Small Business Administration, which runs the program, said in an alert to lenders and their trade groups.


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