Using about 113,000 loans through the Paycheck Protection Program, Massachusetts retained more than 2.2 million jobs according to data released by the Small Business Administration on Monday.
The data included about 700,000 small businesses loans as part of $660 billion of funding as part of the PPP loans that first launched in April.
The Paycheck Protection Program was part of the CARES Act, and allowed small businesses to apply for forgivable loans if certain criteria was met. The program, which aimed at helping businesses remain afloat during the coronavirus pandemic, expired at the end of June.
The data from the SBA included figures for every state and territory within the United States and divided the funding into two categories: Loans greater than $150,000 and loans