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Federal Paycheck Protection Program extended to Aug. 8

July 6th, 2020 / By: / COVID-19, News

On July 4th, President Donald Trump signed into law an amendment to the Paycheck Protection Program, giving businesses affected by the coronavirus pandemic an extension to apply for federal funds, according to Business Insider.

The law extends the deadline to apply for the federal government’s loan-based relief program to August 8. The original deadline to apply for the loans was June 30, but Congress moved quickly to extend the deadline after approximately $130 billion remained from the initial $660 billion pot, NPR reported. More information is available at https://www.businessinsider.com/paycheck-protection-program-extended-what-owners-need-to-know-2020-7