Trump Signs Extension of PPP Loan Application from June 30 to August 8th

Trump Signs Extension of PPP Loan
Application from June 30 to August 8th

COVID-19 Business Update

Business Advisory Services Group

President Donald Trump signed a bill re-opening the application window for the Paycheck Protection Program (PPP) until August 8.  The previous deadline date was June 30.

Both the House and the Senate had signed off on unanimous approval previously within days of each other.

The extension keeps a source of funding open to struggling small businesses while Congress works on a second, more targeted funding program. The SBA has approved approximately 5 million loans for a total of more than $520 billion.

The information presented here should not be construed as legal, tax, accounting, or valuation advice. No one should act on such information without appropriate professional advice and after a thorough examination of the particular situation.

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