Congress extends PPP to August 8 New survey examines PPP's impact on small business

Jul 02, 2020
Congress extends PPP to August 8 New survey examines PPP's impact on small business
Congress extends PPP to August 8 
Soon after the original June 30 deadline for the Paycheck Protection Program (PPP), Congress voted to extend the program to August 8. While this is good news for small business owners, there is still a lot of work that needs to be done to make PPP more accessible to small businesses.
We are calling on Congress to extend the deadline to December 31, 2020, to make all loans under $150,000 automatically forgivable and to allow business owners to apply for a second round of funding when their first loan runs out.
If you haven't already applied for a loan, visit Venturize for a list of lenders and check out our loan forgiveness FAQ. 
New survey examines PPP's impact on small business
This week, we released a new survey of Small Business Majority network members that examined how small businesses have been served by PPP, what small businesses will face when their funds run out and disparities in PPP loan allocations to communities of color, particularly to Black business owners. Read more »
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