By: Mark A. Mangano
On the fourth of July, the President signed Senate Bill 4116 into law. The new law extends the deadline for submitting an application for a Paycheck Protection Program (PPP) loan to August 8, 2020. The PPP loan application deadline had previously expired on June 30, 2020. The new law reopens the program established under the CARES Act and modified by the PPP Flexibility Act.