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Billions of dollars in small business loans given out

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HARRISBURG, P.A. (WHTM) – The Trump Administration announced Sunday that $2.2 million small business loans worth $175 billion have been made in the second round of the Paycheck Protection Program.  

Treasury Secretary Steve Mnuchin said the average size of a loan made, was $79,000.  

The administration said that since the launch of the PPP, $3.8 million in loans totaling more than $500 billion have been made.  

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