The House and Senate agreed to extend the Paycheck Protection Program by five weeks, until August 8. President Trump signed the new law on Saturday, July 4.
The Small Business Administration reopened the application process as of Monday morning, according to their website.
The application window to apply for a PPP loan was scheduled to close Tuesday, June 30, but $129 billion is still available to help small businesses cover payroll costs, applicable overhead, utilities, rent, mortgages, as well as hire back employees who may have been laid off during the pandemic.
Visit the U.S. Small Business Administration website for more information.
At Windham Brannon, we are dedicated to keeping you up to date with the latest Covid-19 activity in our Covid-19 Resource Center. Our team is working around the clock to ensure we stay up to date on the latest guidance and information to assist you and your business during this unique time. For further assistance, please do not hesitate to reach out to your Windham Brannon advisor or email us at covid19advisory@windhambrannon.com.
