On March 30, 2021, President Joe Biden signed the Paycheck Protection Program Extension Act into law, a bill extending the Small Business Administration’s Paycheck Protection Program (PPP). The bill provides two additional months for acceptance of new First and Second Draw PPP loan applications to the program thus pushing the expiration date from March 31 to May 31, 2021.
Additionally, the Act provides the Small Business Administration 30 additional days (June 30, 2021) to process loan applications received by this new deadline. The Paycheck Protection Program still has over $100 billion in funding available for applicants.
We appreciate the opportunity to service your PPP loan needs and will continue to accept First and Second Draw PPP loan applications through our online portal in alignment with the new deadline.
Please visit our website for additional information.
Stay Safe and Healthy!!
