Last week, Congress voted to extend the PPP to May 31, giving small businesses an additional two months to submit applications. The SBA will have until June 30 to finish processing loans.
All tagged stimulus package
COVID-19 Weekly Digest (January 20, 2021)
Biden's package also includes a push to raise the federal minimum wage to $15 per hour. Many leading economists warn that additional support from the federal government may be needed until the pandemic has subsided and people can safely return to work.
COVID-19 Weekly Digest (January 13, 2021)
The new round of the PPP opened on Monday, January 11, 2021. This article in the Journal of Accountancy has full details on eligibility and requirements for forgiveness. Starting on Monday, January 11, first-time borrowers can apply, and on Wednesday, January 13, second-time borrowers can apply.