Paycheck Protection Program Extension
Thursday, July 2, 2020

Late Tuesday June 30, 2020, just a few hours before the expiration of Paycheck Protection Program (PPP), the Senate voted to extend the PPP five more weeks. The move was made to allow eligible small businesses that have not applied or been denied a loan under the PPP more time to claim the remaining $129 million in the program.

Currently, the Small Businesses Administration (SBA) which oversees the PPP stopped taking applications as of midnight Tuesday. However, if the House and President sign-off on the extension the PPP will be reopened and remain available until August 8, 2020.

We will continue to update you as we learn more.

 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins