Congress Extends PPP to August 8

On Wednesday, July 1, the House of Representatives extended the SBA Paycheck Protection Program (PPP) through August 8, 2020 (the Senate passed the extension the day before). The program had previously expired on June 30, with more than $100 billion in funds still available for borrowers, and NAR strongly advocated for its extension in both the House and Senate. This extension means that new applicants will be accepted by SBA lenders until August 8, and allows the program to continue assisting small businesses and independent contractors while Congress works on the next COVID-19 relief package.
NAR SBA FAQ page
PPP “EZ Forgiveness Application”(link is external)
PPP “Full Forgiveness Application”(link is external)
NAR Statement for the Record for 6/17 House Small Business Committee Hearing on PPP
Source: “Congress Extends PPP to August 8“