The Senate approved the https://bit.ly/39shOP0 yesterday with a vote of 92 to 7. The bill extends the Program until May 31st and then allows the SBA another 30 days to continue processing successfully completed PPP applications already submitted. This legislation now goes to the President for his signature.
The additional two months extension from March 31st is good news for those who have not yet started their PPP loan application or made it through the review and approval process. Currently, there is about $79 Billion in PPP funds still available, but those monies continue to go quickly and may not last for the entire two-month extension. We continue accepting PPP applications - call today to learn more 516.268.0350