It's Tuesday, June the 30th. I'm Ed Harrison and this is the Real Vision Daily Briefing.

Shortly we're going to be joined by Dave

Let's go to Nick Carrillo with the news of the day.

Thanks Ed.

Today marks the end of the quarter as well as an important U.S US fiscal stimulus policy designed to keep small

businesses afloat during the pandemic. The payroll protection program.

Around 130 billion dollars remain in the coffers and that money becomes

inaccessible if borrowers are not

approved by the end of today. Last minute demand has been trickling in before the

program wraps. Fountainhead Commercial Capital, one of the PPP lenders and one

that services loans at a national level said they approved

317 loans worth $56 million since Friday.

However, they're one of few lenders that are still accepting applications at this point without contingencies.

Most lenders have stopped accepting applications altogether, or are only accepting applications

from and working with pre-existing clients.

It's highly probable that there will be funds remaining at the end of the day,

and so that money will not be allocated to a business in need. At the same time,

small businesses will need that money now more than ever, considering how many

states are either pausing

or reversing their opening plans now. Other states may be joining the ranks as

more states are experiencing increases in cases but are still not reversing

or pausing their reopening plans.

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