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Yesterday, the Senate cleared  legislation to extend the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP), which will expired yesterday, June 30th.

Under the bill passed by the Senate by unanimous consent, the deadline for applying for PPP loans would be extended until August 8th.

There’s approximately $130 billion in unspent money under the Paycheck Protection Program.

If you need a recommendation on a lender, please let me know.