President Extends Paycheck Protection Program for Another Eight Weeks– July 06, 2020 by Adam Hill

On Saturday, July 4th, President Trump signed into law an eight-week extension of the Paycheck Protection Program (PPP), after its approval in Congress. The program still has $131.9 billion to loan out and is accepting initial applications as of July 6, 2020, at 9:00 a.m. EDT. Employers who have already received the loan may not apply again. The new deadline to apply is August 8, 2020.

The PPP is designed to provide support for small businesses to keep their workers on the payroll.

>> Read “Senate Passes the Paycheck Protection Program Flexibility Act of 2020, H.R. 7010”
>> Read “SBA Releases Updated PPP Loan Forgiveness Application and Interim Final Rules”


Contact Adam Hill at ahill@cohencpa.com or Dave Sobochan at dsobochan@cohencpa.com to discuss this topic further.


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