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30.03.2021 / 23:15

Biden signs extension of Paycheck Protection Program for small businesses by 2 months

FILE - US President Joe Biden speaks about the Colorado shootings in the State Dining Room of the White House in Washington, DC, on March 23, 2021. WASHINGTON - President Joe Biden on Tuesday signed a two-month extension of the Paycheck Protection Program a day before the COVID-19 small business relief fund was set to expire. The extension will give small business until May 31 to apply for a forgivable loan. Senators voted 92 to seven to pass the PPP Extension Act of 2021 last week, extending the program's deadline from March 31 and giving the Small Business Administration an additional 30 days after that to process pending applications.

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