$284.5 Billion in New PPP funding
In total, Congress set aside an additional $284.5 billion for new and second draw PPP loans in Round 3, which will extend until March 31, 2021, to the extent funding lasts.
 The new funding includes set asides of $15 billion for loans made by community financial institutions and a separate $15 billion for loans made by banks and credit unions with fewer than $10 billion in total assets.
The SBA is also directed to set aside no less than $35 billion for first time PPP loans. Additionally, no less than $25 billion is to be reserved for small businesses with fewer than 10 employees or that are requesting PPP loans of $250,000 or less.