On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program an additional two months to May 31, 2021. There will also be an additional 30 day period to June 30, 2021, for the SBA to process applications that are pending. This extension comes as a relief for those businesses who have had complications obtaining PPP funding due to SBA validation errors as well as those Schedule C filers who recently received new guidance on how to calculate their loan amount.
Your Mitchell Wiggins team stands ready to assist you with filing for PPP funding and/or filing for PPP loan forgiveness. Visit our COVID Guidance page with detailed information on on the Paycheck Protection Program.