Trump signs PPP extension
Hours before it was set to expire on June 30, Congress passed the bill sending it to President Trump's desk
LA CROSSE, Wis (WKBT) – President Trump has signed legislation that extends the deadline for businesses to apply for a loan under the federal paycheck protection program.
Hours before it was set to expire on June 30th, Congress passed the bill sending it to president trump’s desk.
PPP was established in March as a part of the coronavirus relief bill.
Since then, more than four point eight million small businesses applied for 520 billion dollars in potentially forgivable loans.
Officials say there are 130 million dollars of PPP loans left.
The deadline to apply for the program is now August 8.
THE-CNN-WIRE™ & © 2020 CABLE NEWS NETWORK, INC., A TIME WARNER COMPANY. ALL RIGHTS RESERVED.