Loans made under the PPP totaled $ billion—an amount representing about 40 percent of all funding provided under this program. A banker from  Michelle Park Lazette, “’I Can’t Believe I Got a Real Person’: Small Bank Answers Businesses’ Cries for Help,” Medium, September 3, 2020, https://medium.com/new-york-fed/i-cant-believe-i-got-a-real-personsmall-bank-answers-businesses-cries-for-help-844b482ab5ba.
8  -6Virginia told me, “It was a great opportunity for the community banks to show their strength.” The Federal Reserve’s Small Business Credit Survey shows that over one-third of small businesses turn to small banks for their lending needs.