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https://blog.citigroup.com/2020/05/by-state-by-sector-by-size-a-look-at-citis-support-of-small-business-through-the-paycheck-protection-program/

By State, By Sector, By Size: A Look at Citi's Support of Small Business Through the Paycheck Protection Program

2020-06-08 14:23:56, , Citi Blog

Content Categorization
/Finance/Banking

Word Count:
392

Words/Sentence:
28

Reading Time:
2.61 min

Reading Quality:
Adept

Readability:
13th to 15th

Media Sentiment
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RCS Analysis
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Risk Score
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PESTEL Scope
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Entity Word Cloud
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Auto Summary
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To date, in two rounds of PPP lending, 80% of loans went to micro businesses, those with 10 or fewer employees, while 64% went to businesses with five or fewer employees.

"I don't have to lay off my loyal employees who are already facing hard times during the pandemic and it also gave me peace of mind."

In terms of size, we proudly served the smallest of small businesses.

We are proud to serve a breadth of small business sectors through PPP, including agriculture, manufacturing, construction, churches and nonprofits, to name a few, and to reach many of the areas most impacted.

The services sector includes accounting and legal firms, doctor's offices, retail shops and restaurants and are critical to our recovery.

Ms. Choi opened a new small business checking account with Citi in April and within days submitted a PPP loan application that was promptly funded.

Keywords
By State, By Sector, By Size: A Look at Citi's Support of Small Business Through the Paycheck Protection Program

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