United States

Senate passes extension of Paycheck Protection Program to May 31

TAX ALERT  | 

On March 25, 2021, the U.S. Senate voted 92-7 to extend the Small Business Administration (SBA) Paycheck Protection Program (PPP) until May 31, 2021. Importantly, the bill also provides the SBA 30 additional days to process applications as long as they are submitted prior to May 31.

It is being reported that the current PPP funding will be exhausted sometime in April so potential borrowers or newly eligible borrowers may wish to expedite their PPP loan applications.

RSM CONTRIBUTORS


HAVE A COVID-19 TAX RELIEF QUESTION?


STAY INFORMED - Tax alerts and insights



UPCOMING RSM TAX EVENTS

EVENT

Tax in Motion—2021 tax summit week

  • November 01, 2021

LIVE WEBCAST

Global mergers & acquisitions webcast series

  • November 01, 2021

LIVE WEBCAST

Tax innovation webcast series 2021

  • December 02, 2021