Under the CARES Act, the Paycheck Protection Program’s (PPP) period to request a PPP loan terminated on June 30, 2020. However, last week Congress passed a bill extending the deadline until Aug. 8, 2020, and President Trump signed the bill into law on July 4, 2020. This law reauthorizes lending under the PPP, which currently has approximately $120 billion in federal aid left unspent.
For further information, please contact any member of Taft’s SBA Task Force.
Please visit our COVID-19 Toolkit for all of Taft’s updates on the coronavirus.