Breaking News | PPP Extension Act of 2021 Passes Senate
The U.S. Senate has passed the PPP Extension Act of 2021, extending the Paycheck Protection Program (PPP) application period through May 31, 2021 – an additional two months beyond what had been the looming March 31 deadline. The bill’s passage gives small businesses a larger window for filing PPP loan
American Rescue Plan Relief for Venue Operators & Restaurants
EIDL Loan Increase, Shuttered Venue Operators Grant, Restaurant Revitalization Fund Grant Updates The American Rescue Act, signed into law by President Joe Biden on March 11, provides assistance for struggling venue operators, restaurants, and bars that have been especially hard-hit by the COVID-19 Pandemic. The American Rescue Plan Act of
President Biden Signs the American Rescue Plan of 2021
[UPDATE: On Thursday, March 11, 2021, President Biden signed into law: H.R. 1319, the “American Rescue Plan Act of 2021,” which provides additional relief to address the continued impact of the COVID-19 pandemic on the economy, public health, State and local governments, individuals, and businesses. On March 10, 2021, the
$1.9 Trillion COVID-19 Relief Bill | American Rescue Plan
The U.S. House of Representatives passed the $1.9 trillion American Rescue Plan of 2021 pandemic relief legislation on Saturday, February 27, 2021, to help Americans weather the ongoing health and economic crisis caused by the COVID-19 pandemic. The bill now moves to the Senate for consideration the week of March
PPP Changes Announced | Increased Lending to Small Businesses in Need
The Biden-Harris Administration is increasing lending to small businesses in need. In February 2021, the administration announced changes to PPP to further promote equitable access to relief. Several reforms announced by the Biden-Harris administration are targeted at the PPP to the smallest businesses and those that have been left behind
PPP Re-Opening Date and New Guidance from SBA & Treasury
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially, only community financial institutions will be able to make