The Small Business Administration’s Paycheck Protection Program has officially exhausted its funds for most lenders, the Business Journals reported. The SBA began notifying trade associations Tuesday evening that it was no longer accepting applications for new loans from most lenders. However, borrowers may still be able to secure new PPP loans through “community financial institutions,” which include community development financial institutions, minority deposit institutions and other qualifying small lenders. Those lenders have access to about $8 billion in loan funding as part of a congressionally mandated set-aside. Consequently, PPP loans in progress that have not yet received SBA loan numbers will not be approved unless they come from a community financial institution. More than 107,000 PPP loans totaling more than $2.88 billion have been approved for Iowa businesses as of May 2, according to the latest data from the SBA.