This Week In CARES Act Funding

The Paycheck Protection Program (PPP Loan) has been extended and be on the lookout for new Economic Injury Disaster Loan (EIDL) program updates and the opening of the Shuttered Venues Program. I covered some of this in last week’s Carla’s Corner newsletter.

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President Biden Extends The Paycheck Protection Program Until May 31, 2021

On March 31, 2021, President Biden signed the PPP Loan Extension Act extending the program until May 31, 2021. His extension provides some much welcome relief. the program extends until May 31 stbut the banks have until June 30 thto fully fund them.

SBA PPP Page: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

You can also watch my video about it here.

But Hurry, Upside Financial Predicts That Funding May Run Out By Mid-April

The Greater Baton Rouge Business Report courtesy of Upside Financial reports that the Paycheck Protection Program could run out of money by mid- April. This is a very big deal especially since I am sending you this the first week of April. If you need a PPP Loan then…