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Paycheck Protection Program: Senate passes an additional $320 billion in funding; House action expected Thursday

April 22, 2020

We have many clients whose application for a forgivable loan under the Paycheck Protection Program are currently pending and waiting for new funding from Congress, the US Senate passed a bill today to allocate $320 billion in additional funds. Action by the US House is expected Thursday.

Read more here from the New York Times.

Again, our advice is to apply and be patient. Congress will be fully funding this program.