PPP Loan Application Deadline Extended

The deadline to apply for a Paycheck Protection Program (PPP) forgivable loan through a bank or online financial institution was officially extended from June 30 to August 8, 2020.

The Paycheck Protection Program (managed by the U.S. Small Business Administration) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Self-employed, gig artists, and contractors can also apply for this loan. There is still more than $125 billion available under the program.

Please note that this is only a deadline extension and not the opportunity to apply for a second PPP loan.