Roughly 60,000 borrowers were approved for more than $5 billion in forgivable loans the initial week of the reopened Paycheck Protection Program, the small Business Administration said Tuesday.The small business coronavirus relief effort relaunched January 11 after closing last August. The first wave of applications was handled greatly by community and small lenders after the SBA set aside time for them to process the loans exclusively. The program’s restart comes as many small businesses continue to struggle with the fallout from the pandemic. One-third of small businesses surveyed between January 4 and January 10 said they would require financial assistance or more capital in the next six months, according to the Census Bureau, up from almost 25% in mid-November.