Is the SBA PPP loan extended?

117-6), signed into law by the President on March 30, 2021, extended SBA’s authority to guarantee First Draw PPP Loans and Second Draw PPP Loans (collectively, “PPP Loans”) through June 30, 2021.

Has PPP been extended to June 2021?

H.R. 1799, the “PPP Extension Act of 2021,” which extends the Paycheck Protection Program (PPP) application deadline to May 31, 2021; and extends the PPP authorization through June 30, 2021 to provide the Small Business Administration additional time to process applications received by the application deadline.

Is PPP extended to July 2021?

The Federal Reserve Board on Friday announced it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to July 30, 2021. The PPPLF extends term credit to financial institutions making PPP loans, accepting the PPP loans as collateral.

Will the PPP loan be extended past May 31 2021?

The PPP Extension Act of 2021 is a new piece of legislation passed by Congress and signed into law by President Biden that extended the deadline for PPP loan applications from March 31, 2021, to May 31, 2021. The program now officially runs through June 30, 2021.

Is there another PPP loan coming July 2021?

On June 25th, the Federal Reserve Board announced (Off-site) it will extend for a final time its Paycheck Protection Program Liquidity Facility (PPPLF) by an additional month to July 30, 2021. The PPPLF extends term credit to financial institutions making PPP loans, accepting the PPP loans as collateral.

Has PPP been extended to July 30 2021?

The Federal Reserve has confirmed that it will extend Paycheck Protection Program Liquidity Facility (PPPLF), the facility bolstering the Paycheck Protection Program. With the newest extension, the program will remain open until June 30. …

Is Eidl grant taxable?

Is The EIDL Grant Taxable? If you received the EIDL loan, taxes on these funds work like any other business loan taxation. In other words, funds from the EIDL are not reported as taxable business income on your tax return.