No, there is no concern that the funds allocated for the Employee Retention Credit (ERC) will be depleted.
This program is not based on a lending system, but rather the distribution of tax refunds by the United States Treasury. All eligible employers who meet the requirements for the ERC will receive the funds, because ERC is a government backed program, you just need to apply.
References
- Internal Revenue Service (IRS)
https://www.irs.gov/coronavirus/employee-retention-credit - The CARES Act
https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf - National Federation of Independent Business (NFIB)
https://www.nfib.com/content/legal-compliance/labor-law/the-employee-retention-tax-credit/ - What Is The Employee Retention Credit (ERC), And How Does The Program Work?
Forbes
https://www.forbes.com/sites/forbesfinancecouncil/2022/06/21/what-is-the-employee-retention-credit-erc-and-how-does-the-program-work/ - FAQs: Employee Retention Credit under the CARES Act
Internal Revenue Service (IRS)
https://www.irs.gov/newsroom/faqs-employee-retention-credit-under-the-cares-act