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Our attorneys stay on top of changes in legislation, agency regulations, case law, and industry trends—then craft timely legal alerts to keep clients up to date on legal developments important to their business.

March 26, 2021

PPP Application Deadline Extended

President Biden is expected to sign the PPP Extension Act of 2021 that both the House and the Senate have passed. The act extends the quickly-approaching deadline for Paycheck Protection Program (PPP) first and second draw loans from March 31, 2021, to May 31, 2021. The act also gives the Small Business Administration until June 30, 2021, to process PPP applications submitted by lenders.

For more information regarding PPP loans, click here.

If you have any questions regarding the content of this alert, please contact Roger Cominsky, Financial Institutions & Lending Practice Area chair, at rcominsky@barclaydamon.com; Danielle Katz, associate, at dkatz@barclaydamon.com; Samantha Podlas, associate, at spodlas@barclaydamon.com; or another member of the firm’s Financial Institutions & Lending Practice Area.

We also have a specific team of Barclay Damon attorneys who are actively working on assessing regulatory, legislative, and other governmental updates related to COVID-19 and who are prepared to assist clients. Please contact Yvonne Hennessey, COVID-19 Response Team leader, at yhennessey@barclaydamon.com or any member of the COVID-19 Response Team at COVID-19ResponseTeam@barclaydamon.com.

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