PPP, the Coronavirus Relief Program for Small Business Loans, Extended 5 More Weeks
By:
Julia Glum
Julia Glum
News Editor | Joined February 2018
Has also written:
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Originally Published:
Jul 02, 2020
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Small business owners just got a little more time to apply for funds intended help them weather the coronavirus crisis.
On Saturday, President Donald Trump signed an extension to the CARES Act's Paycheck Protection Program (PPP), which offers forgivable loans to businesses that keep employees on payroll throughout the pandemic. The Senate and House of Representatives had approved the extension last week as the clock ran out on the PPP's application period.
