Paycheck Protection Program Extended Through May 31
Yesterday, President Biden signed the PPP Extension Act of 2021 into law. The Act extends the PPP an additional two months to May 31, 2021, and then provides the SBA an additional 30-day period for the Agency to process applications that are still pending. The PPP was set to expire today, so President Biden’s signing of the bill provides hope for the small business owners whose PPP applications are languishing in the PPP pipeline as the SBA continues to alter its processes and procedures.
Read more HERE.