Yesterday evening, the House voted by unanimous consent to pass the Senate bill extending the Paycheck Protection Program (PPP) through August 8. The bill will now go to the President for his signature.
This bill does not change the PPP; it simply extends the window to apply for a PPP loan for another five weeks. The original program expired on June 30, with a balance of $130 billion dollars still available for loans. Once the President signs the bill, it’s expected the Small Business Administration will begin taking applications again.