Currently, the Paycheck Protection Program (PPP) is set to expire at midnight on March 31st. However, there is currently growing Congressional support for an extension of the program until May 31st. In either case, my provider currently plans to continue accepting and processing applications until the SBA is no longer accepting new submissions. Earlier this week, The New York Times published a story regarding challenges with the implementation of the new PPP formula and rules. They reported that unlike the provider we're using, some banks like Chase and Bank of America are not adjusting their loan calculation amounts and plan to stop accepting PPP applications as early as next Thursday, March 17th, well before the program is set to expire. Call to learn more! 516.268.0350

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