Congress Extends PPP Through Aug. 8

Filed in Advocacy, Disaster Response by on July 2, 2020 2 Comments

This post was updated on July 6.

The House Wednesday night unanimously approved an extension of the Paycheck Protection Program (PPP) through Aug. 8. The Senate voted Tuesday night to extend the program, just hours before it was set to expire at midnight. The program currently has more than $130 billion remaining for the forgivable loans.

President Trump signed the bill on July 4.

NAHB continues to advocate for an expansion of the eligibility requirements to allow more small businesses in the residential construction sector and 501(c)(6) organizations to access the loan program.

Comments (2)

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  1. Tina Hill says:

    I am a small business owner and my business account is with a local credit union which does not process SBA PPP loans because they do not do business loans of any kind.
    Every local bank that I have tried to get to process my application has turned me down because I am not already an existing customer.

    Is there a way for me to have my application processed directly via the SBA?

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