Good News! An Extended PPP Deadline & Simplified RRF Application

Hope you’re having a great Wednesday! We’ve received some good news over the last couple of days. First, President Biden signed an extension for the deadline to file for the Paycheck Protection Program. The deadline to apply for a loan under the program was set to expire today, March 31, but the new law extends the application deadline to May 31. It gives the Small Business Administration (SBA) until June 30 to process the applications.

In addition, the SBA announced on Tuesday that restaurants applying for grants under the Restaurant Revitalization Fund (RRF) do not need to register for a DUNS number, nor do they need to register on SAM.gov, the System for Award Management process that is normally required to apply for federal grants. This should make applying for an RRF grant more efficient and eliminate a layer of red tape.

Please contact George Stephens at BKM Sowan Horan or other team members with any questions.