6.15.20 - Square Capital Says It Has Issued $820 Million of PPP Loans
'Square, founded and led by Twitter Inc Chief Executive Officer Jack Dorsey, said it issued loans worth less than $11,000 on average to more than 76,000 small businesses.'
'The loans are part of the U.S. government's $660 billion emergency loan program, also known as the Paycheck Protection Program. It allows businesses to apply for government-backed loans that can be forgiven if at least 75% is spent on payroll costs.'