President Donald Trump signed a bill Saturday, July 4, that reopens the application window for the Paycheck Protection Program (PPP) until Aug. 8.
The five-week extension was unanimously approved last week by both the U.S. House of Representatives and Senate.
The extension keeps a source of funding open to struggling small businesses during the COVID-19 pandemic while Congress works on a second, more targeted funding program. The PPP has approximately $129 billion in funding remaining. Learn more.