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House OKs bill to extend PPP application deadline

By Max Heine -
Posted Mar 19th 2021 1:50PM

The U.S. House passed legislation March 16 that would extend the application deadline for the Paycheck Protection Program by three months. The measure now goes to the Senate.

The PPP Extension Act of 2021 would extend the March 31 deadline to June 30 for businesses interested in a loan. The process for effectively turning a PPP loan into a grant had been simplified since PPP’s first round...