Paycheck Protection Program Application Deadline Extended to August 8, 2020

7.1.2020

On the evening of June 30, 2020, Congress passed legislation extending the deadline for applications for new Paycheck Protection Program (PPP) loans from June 30 to August 8, 2020. President Trump is expected to sign the legislation into law. Small businesses, including independent contractors and the self-employed, will now have the opportunity to obtain loans from the approximately $130 billion dollars in funding that remained unused as of June 30. Applicants should contact their banks or other lenders for further guidance on loan requirements and availability.

We will endeavor to keep you up to date with the latest information as the law continues to develop. Please feel free to contact Douglas Lubic or Peter Greenbaum or any member of the Wilentz Business Law team with any comments or questions.

Tags: Coronavirus (COVID-19)CARES ActPaycheck Protection Program

BLOG DISCLAIMER

The postings on this blog were created for general informational purposes only and do not constitute legal advice or a solicitation to provide legal services.  Although we attempt to ensure that the postings are complete, accurate, and current as of the time of publication, we assume no responsibility for their completeness, accuracy, or timeliness.  The information in this blog is not intended to create, and receipt of it does not constitute, a lawyer-client relationship.  Readers should not act upon this information without seeking professional legal counsel.

This blog may contain links to independent third party websites and services, including social media. We provide these links for your convenience, and you access them at your own risk.  We have no control over and do not monitor the content or policies (including privacy policies) of these third-party websites and have no responsibility for, and no liability with respect to, their content, accuracy, or reliability.  Unless expressly stated, we do not endorse any of the linked websites or any product, service, or publication referenced herein or therein.  We will remove a link to any site from this blog upon request of the linked entity.

We grant permission to readers to link to this blog so long as this blog is not misrepresented. This site is not sponsored or associated with any other site unless so identified.

If you wish for Wilentz, Goldman & Spitzer, P.A., to consider representing you, please obtain contact information from the Contact Us area of this blog or go to the firm’s website at www.wilentz.com.  One of our lawyers will be happy to discuss the possibility of representation with you. However, the authors of Wilentz blogs are licensed only in New Jersey and/or New York and do not wish to represent anyone who viewed this site in a state where the site fails to comply with all laws and ethical rules of that state.

Sign Up

Peter A. Greenbaum Photo

Peter A. Greenbaum
Co-Chair, Corporate Law Team
Shareholder
732.855.6426