Less than 24 hours after the Paycheck Protection Program expired, the House approved a five-week extension, giving small businesses until August 8 to apply for the loan. The original deadline was June 30. The legislation will now go to President Trump to sign.

 

For more information about the application process click here.

As we have been doing with all coronavirus legislation and SBA guidance during these past few months, we will be sure to update you with any additional insight as soon as possible. Continue to check back here for the most up to date tax information and changes in response to coronavirus. If you have questions about this or related topics contact an MCB Advisor at 703-218-3600 or click here. 

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