President Biden Signs PPP Extension Act

March 30, 2021

Are you a small business owner, sole proprietor, or independent contractor? Do you like peas? Yeah, me, neither. But how do you feel about the PPPEA? It is also green, and a lot easier to swallow than vegetables. 

Corny jokes aside, it is good news for any of you who haven’t yet applied for funding, because the Paycheck Protection Program Extension Act gives you more time to apply. The window was set to close on March 31st, but now you have until May 31st to get your application in. The Act also grants the SBA additional time to process applications, a full 30 days beyond the deadline. 

But that doesn’t mean that you should wait until the last minute. Lettuce warn you that some financial experts are predicting that the funding for the program, which was increased under ARPA, will last until mid-April. 

Sole proprietors and independent contractors, don’t forget that recent changes will base any funding you receive off of your gross revenue. I talked a little more about that a month ago (or roughly how long my kids dawdle when there are brussel sprouts on their plate). If you are wondering if you qualify or what you need to apply, the SBA website has a full serving of information available.

If you still have questions, I am here to help! Romaine calm, and drop me a lime. (Okay, that’s a fruit, best I could do, but I yam what I yam.) I am done now, I promise. And I would much rather help you out with the PPP than try to get my kids to eat their peas!

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Copyright © *2021* *Law Offices of Lindsey King*, All rights reserved.*

Copyright © *2021* *Law Offices of Lindsey King*, All rights reserved.*

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