President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
SBAC Testimonials
The SBAC has significantly impacted the small business community since 2010. From reducing LLC fees to championing legislation focused on reducing premiums for small businesses and increasing transparency to understand better what drives health insurance costs. Our mission has always been to fight alongside small business advocates to enact policies that support small businesses, their…
Words from Our Partners: Woodlawn Chamber of Commerce
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Governor Pritzker Signs HB 2296 into Law
Governor Pritzker Signs HB 2296 into Law! Small businesses have been crushed by the escalating costs of health insurance. The SBAC championed legislation focused on reducing premiums for small businesses and increasing transparency so policymakers and the public can better understand what drives the costs of health insurance. Governor Pritzker signed this legislation into law. …
