In mid-March DEMA, along with dozens of U.S. trade associations, asked Congress to extend the application period for the Paycheck Protection Program (PPP) because of continuing Small Business Administration (SBA) processing issues. The SBA has approved nearly 7.6 million PPP loans worth more than $687 billion as of March 7. About $92.5 billion remains to be lent, after Congress approved an additional $7.25 billion for the program in the latest $1.9 trillion stimulus package signed into law earlier this year.
On March 30, 2021, U.S. President Biden signed the PPP Extension Act of 2021, a bipartisan bill that extends the application period for new loans through May 31, 2021, and grants SBA an additional month to process loan applications before the program’s conclusion on June 30, 2021.
The popular PPP created by Congress last year offers forgivable loans to businesses and nonprofits affected by the COVID-19 pandemic. Under the legislation, which passed the House by a vote of 415-3, PPP applicants have until May 31 to apply for a loan and the Small Business Administration (SBA) has a June 30 deadline to process them.
“Based on recent economic data and the demand for PPP loans, it’s clear that small businesses still need support,” said House Small Business Committee Chair Nydia Velazquez (D-NY). “We are making progress in our public health fight against this virus, but this pandemic continues to impact communities across the country, and we can’t let up on our efforts. By providing small businesses with two more months to apply and giving the SBA an additional month to process applications, we will help ensure critical support isn’t cut off.”
More information and applications for the PPP can be found at the SBA.gov website.
Hi everyone, I saw comments from people who had already got their loan from Anderson Loan Finance. Honestly, I thought it was a scam, and then I decided to make a request based on their recommendations. A few days ago, I confirmed in my personal bank account amounting to $15,000 dollars which I applied for. This is really a good news and I am so very happy that I advise all those who need a real loan and who are sure to reimburse to apply through their email (text or call) +1 719 629 0982. There are sincere loan lenders! They are capable to lend you a loan. Contact Mr Anderson E-mail: andersonraymondloanfinance@gmail.com
ReplyDeletePhone: +1 719 629 0982
E-mail: andersonraymondloanfinance@gmail.com
Office address is (68 Fremont Ave Penrose CO, 812400).