Last week both houses of Congress passed legislation extending the deadline for applying for a PPP loan from June 30 to August 8, 2020. The President signed the bill into law over the weekend.
Yesterday, the Small Business Administration (SBA) held a conference call for trade association stakeholders, reporting that all of their PPP systems were operational again, and that 500 loans had been processed since the deadline had been extended.
SBA also released a press statement on the disclosure of information on PPP loans greater than $150k, and a document explaining the loan data being disclosed. According to the SBA, all loans over $2 million will be reviewed, which they distinguish from being audited.
to view the key aspects of PPP loan data.