Jacobs Helps Pass Legislation to Extend the Paycheck Protection Program
(Washington, D.C.) – Congressman Chris Jacobs (NY-27) cosponsored and helped pass H.R. 1799, the Paycheck Protection Program (PPP) Extension Act.
“Small business owners are still facing major challenges as a result of COVID-19. As we work to rebuild our economy and get people back to work, it is important to ensure businesses have access to every resource possible,” Jacobs said. “This legislation extends the application deadline for this successful program so more businesses can receive benefits and reopen.”
The Paycheck Protection Program Extension Act extends the deadline for a small business to apply for a PPP loan by two months. The application deadline was previously set at March 31st, 2021. For more information on how to apply visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program