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Payroll Protection Program Extension Provides Small Businesses Additional Time to Apply

Payroll Protection Program Extension Provides Small Businesses Additional Time to Apply

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April 2021

On March 30th, President Joe Biden signed legislation that extended the application deadline from March 31st to May 31st for the Paycheck Protection Program (PPP). The legislation also provides financial institutions with 30 additional days to process the loans.

The extension is a result of the PPP Extension Act of 2021 passed in March by both the House and Senate.

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