The House bill to extend the PPP loan program to May 31, 2021 passes the Senate. The PPP Extension Act of 2021extends the PPP loan application deadline from March 31 to May 31, 2021 and allows the SBA to process applications until June 30, 2021 so long as they are submitted before June 1, 2021.
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Extension of PPP loan program to May 31, 2021 passes both House and Senate
The additional 60 days provided by the PPP Extension Act will greatly help small businesses, non-profits and the CPAs that serve them complete existing and file new PPP loan applications.
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