President Biden has signed the PPP Extension Act of 2021 extending the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, thus providing potential PPP borrowers additional time to submit their applications. The law doesn’t provide the PPP with any additional funding. However, $7.25 billion in additional funding was recently provided in the American Rescue Plan Act.
Read more from OMA Connections Partner Clark, Schaefer, Hackett. 4/1/2021