PPP extension passes House and Senate

A measure to extend the Paycheck Protection Program (PPP) application deadline from March 31, 2021, to May 31, 2021, has passed the U.S. House of Representatives and the Senate. It now heads to President Biden’s desk for signature which he is expected to do promptly.

Small businesses will have until May 31, 2021, to continue submitting first and second-draw PPP loan applications to the Small Business Administration (SBA). The SBA was also granted an additional 30 days past May 31 to finish processing applications. The measure does not include any funding increases for the program.

Contact us for assistance with your PPP loan or forgiveness applications.

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Amber Goering, Partner

Amber, our founding partner, is a Certified Public Accountant with more than 20 years of diverse experience. She specializes in working with individuals as well as growing and mature businesses, assisting with full range services, including tax planning, accounting, compliance and consulting.
 
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