Mar 31 Paycheck Protection Program Deadline Extended
President Biden signed the PPP Extension Act of 2021 into law on March 30, 2021, extending the date borrowers may apply for funding from March 31, 2021 to May 31, 2021. Additionally, this new law allows the Small Business Administration (SBA) to process Paycheck Protection Program (PPP) loan applications until June 30, 2021. Potential borrowers should note that the SBA anticipates that PPP funds will expire by mid-April 2021.
Sax will continue to update you as further details are made available. Reach out to your Sax advisor or email [email protected] with questions. For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.