A two-month extension of the Paycheck Protection Program awaits the signature of President Biden following a Senate vote late last week authorizing the additional time.
The 2021 version of the PPP was to end on Wednesday. Under the legislation, it will be extended to May 31, with an additional 30 days tacked on for processing by the Small Business Administration.
That additional 30 days for SBA processing is a change from prior programs, in which the SBA deadline was the same as the filing...