26 Mar Congress Passes Extension of Paycheck Protection Program
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The bill will be sent to President Joe Biden shortly, who is expected to sign the extension before the expiration of the program.
The bill pushes back the application deadline for borrowers until May 31. The bill also allows 30 additional days for the SBA to finish processing applications received by the May 31 deadline.
The extension passed by Congress does not provide any additional funding for the current round of the program.