Big news out of Washington, D.C., Thursday as a bipartisan group of Senators and House members have introduced legislation that would extend PPP for small businesses by two months.
According to a report from Politico, House Small Business Chair Nydia Velazquez (D-N.Y.) and Rep. Blaine Luetkemeyer (R-Mo.) announced an agreement to extend the deadline until May 31.
Congress must work to understand the current realities facing small business owners and extend PPP to meet their needs. – Nydia Velazquez (D-N.Y), House Small Business Chair
In a story published by CNBC, many of the changes implemented by the SBA and Treasury, along with technical issues in application submission have created delays to businesses seeking a lifeline after the crushing impacts of closures across the nation.
*In partnership with McElvy Partners