June 3, 2023

Volume XIII, Number 154


June 02, 2023

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June 01, 2023

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May 31, 2023

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Paycheck Protection Program Extended through May 31, 2021, Providing Small Businesses with Extra Time to Apply

On Thursday, March 25, 2021, Congress passed a bill to extend the loan application deadline for the Paycheck Protection Program (PPP). This extension comes two weeks after the American Rescue Plan (ARP) made several changes to the PPP, which we previously discussed here. The latest bill, the PPP Extension Act of 2021 (PPP Extension Act), passed the Senate on March 25, 2021, with general bipartisan support. Based on our review of the latest version of the PPP Extension Act available here, and once signed into law by President Joe Biden, the PPP Extension Act would extend the PPP through May 31, 2021, giving applicants an additional two months to apply for a first or second draw PPP loan. The bill also provides that the Small Business Administration would have until June 30, 2021 to process lender applications.

© 2023 Jones Walker LLPNational Law Review, Volume XI, Number 85

About this Author

Curtis R. Hearn Securities Attorney Jones Walker Law Firm

Curt Hearn is the practice group leader of the Corporate & Securities Practice Group. He handles mergers, acquisitions, and divestitures, as well as capital raising transactions for a variety of publicly traded and privately held companies. Mr. Hearn represents private equity and venture capital firms, and focuses his practice on companies in the energy, energy service, healthcare, transportation, logistics, and manufacturing sectors. 

Mr. Hearn has more than twenty years of experience representing large bank holding companies in Louisiana....

Emily Gauthier Corporate Attorney Jones Walker Baton Rouge, LA

Emily Gauthier is an associate in the Corporate Practice Group.

Emily represents public and private companies in a variety of corporate and commercial law matters. Her practice focuses on securities offerings and mergers and acquisitions. She advises on corporate governance matters and the disclosure and reporting requirements of securities laws and capital markets, including the review of proxy statements; annual, quarterly, and current reports; and other SEC filings.

While earning her law degree, Emily served as articles editor of the Louisiana Law Review and as a...

John W. Zimmer, III Corporate Attorney Jones Walker New Orleans, LA

John Zimmer is an associate in the Corporate Practice Group.

As a member of the Corporate Practice Group, John performs legal work in a variety of areas of law that include corporate, securities, finance, real estate, and mergers and acquisitions. He also has experience with projects in intellectual property, maritime, and other legal disciplines.

John graduated first in his class from Loyola University New Orleans College of Law. While in law school, he was a member of the Law Review Editorial Board, served as the chief of staff of the Alternative Dispute Resolution Society...