Paycheck Protection Program resumes application process

July 7, 2020

Over the July 4 weekend, the President signed into law a bill opposed by just a single representative among both chambers of Congress. The near-unanimity was in favor of extending the application period for the potentially forgivable aid loans provided for by the Paycheck Protection Program, administered by the Small Business Administration in collaboration with participating banks, and put in place with the intent of assisting business keep payroll in place through the quick downturn spawned by the response to COVID-19‘s spread.