3.31.21 | Churches & Denominations, COVID-19 Resources, Nonprofit Organizations, Nonprofit Tax | Email Alerts
Paycheck Protection Program Application Deadline Extended to May 31, 2021
The Paycheck Protection Program (PPP) has been extended after the Senate passed The PPP Extension Act of 2021 on March 30, 2021, and President Biden signed it into law the same day.print
The program had been set to expire on March 31, 2021. Under the extension, PPP loan applications will be accepted through May 31, 2021.
The Small Business Administration (SBA) has until June 30 to authorize PPP loans. Between June 1 and June 30, 2021, the SBA may only process applications submitted prior to June 1 and may not accept new applications.
Please contact us with any questions.
CapinCrouse can also assist your organization with the complex PPP loan forgiveness application process. Learn more about our PPP Loan Forgiveness Application Services here.