On March 25, 2021, the PPP Extension Act of 2021 was passed by the Senate, sending the legislation to President Joe Biden for his signature, just days before the Paycheck Protection Program application cycle was set to expire. The Bill extends the PPP2 application cycle to May 31, 2021 and also provides an additional 30 days for the SBA to process any applications submitted prior to June 1.
If you have any questions regarding this news alert please contact us today at 313-965-2655.
Stay healthy and safe,
GJC
