On Thursday, March 25, 2021, Congress passed a bill to extend the loan application deadline for the Paycheck Protection Program (PPP) to May 31, 2021. This extension also gives the SBA through June 30, 2021, to process lender applications.
The PPP Extension Act of 2021 is expected to be signed into law by President Biden before March 31, 2021.
Learn more at our PPP section at https://aksbdc.org/covid19/ or connect with us at https://aksbdc.org/contact/ for assistance!