US Senate and House approves the Covid-19 small business loan cut-off date

US Senate and House approves the Covid-19 small business loan cut-off date

The Paycheck Protection Program (PPP) has been passed by both the US Senate and the House for an extension date on the $660bn small business support program. Upon the president’s approval, the final day for applications will remain open to the 8th of August 2020. House Speaker Nancy Pelosi has pushed for additional transparency as relatively larger firms have also claimed the monetary benefits.

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