On Tuesday, June 30, hours before the Paycheck Protection Program (“PPP”) was set to expire, the Senate voted to extend the application deadline.  The bill was approved in the House of Representatives on Wednesday, July 1, and is now in the hands of the President, who is expected to approve it.  Pursuant to the bill, eligible small businesses and nonprofit organizations now have until August 8, 2020, to apply for a forgivable PPP loan.  There remains over $100 billion available under the program.

We will continue to monitor the legislation as the final bill is signed into law. If you would like more information on the PPP loan or the loan forgiveness programs, please contact a member of our Corporate practice group at 585.232.6500 or 716.853.1616.

Attorney Advertising. Prior results do not guarantee a similar outcome. This publication is provided as a service to clients and friends of Harter Secrest & Emery LLP. It is intended for general information purposes only and should not be considered as legal advice. The contents are neither an exhaustive discussion nor do they purport to cover all developments in the area. The reader should consult with legal counsel to determine how applicable laws relate to specific situations. ©2020 Harter Secrest & Emery LLP


This website presents only general information not intended as legal advice. Although we encourage calls, letters and emails from prospective clients, please keep in mind that merely contacting Harter Secrest & Emery LLP (HSE) does not establish an attorney-client relationship between us. Confidential information should not be sent to HSE until you have been notified in writing by HSE that a formal attorney-client relationship has been established. Information sent to us before then may not be treated as confidential by HSE or the court.

I have read this and agree     Cancel

Our website uses cookies. By continuing to use our site, you agree to our use of cookies in accordance with our Privacy Policy.