PPP Loan Application Deadline Extended to May 31, 2021
At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status of the Paycheck Protection Program (“PPP”) loan updates as provided by the U.S. Treasury. On March 30, 2021, President Biden signed the PPP Extension Act, which extends the application process for first draw and second draw PPP loans through May 31, 2021.
Originally the deadline to apply for a PPP loan was March 31, 2021. Indications from the federal government are that an estimated $88 billion dollars in PPP funds remain available to qualifying businesses.