Paycheck Protection Program Application Period Extended
On July 4, President Trump signed into law a bill extending the deadline to apply for a Paycheck Protection Program loan to August 8. This modification gives businesses an additional six weeks to apply for a PPP loan. If you have already received a Payroll Protection Program loan, you may not receive a second loan. If you have not received a loan through this program, however, you may be eligible for a PPP loan.
EIDL applications, which include the advance of up to $10,000, are also still being accepted.
The first round of the COVID-19 Relief Pennsylvania Statewide Small Business Assistance program is also open for small businesses through July 14th.
Links to additional information on these programs and the applications are available on the Chamber’s website.