President Joe Biden signed a bipartisan bill into law on Tuesday afternoon, extending the Paycheck Protection Program (PPP) for another two months for small businesses impacted by the pandemic. The PPP is a loan designed to provide economic relief for small businesses to keep their workers employed during the COVID-19 pandemic. The loan is back by the…
Biden Signs Two-Month Extension to PPP Loan Program
President Joe Biden on March 30 signed a two-month extension to the Paycheck Protection Program (PPP), which was created to help small businesses keep their workers employed during the COVID-19 pandemic. The measure (pdf), called the PPP Extension Act of 2021, extends the deadline to apply for a PPP loan to May 31, and gives the Small Business…
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