Trump Signs Small Business Loan Program Extension

The Paycheck Protection Program, enacted to help small businesses dealing with the coronavirus pandemic, had expired Tuesday. With Trump's signature Saturday, the new deadline to apply is Aug. 8.

7/5/2020 5:47:00 AM

President Trump has signed legislation extending the deadline for small businesses to apply for the Paycheck Protection Program, enacted in the weeks following the economic shutdown caused by the coronavirus pandemic.

The Paycheck Protection Program, enacted to help small businesses dealing with the coronavirus pandemic, had expired Tuesday. With Trump's signature Saturday, the new deadline to apply is Aug. 8.

Evan Vucci/APtoggle captionEvan Vucci/APPresident Trump, pictured June 5, signs a bill extending the time period for businesses to use funds from the Paycheck Protection Program. On Saturday he signed a bill extending the deadline to apply for the program.

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Evan Vucci/APPresident Trump signed legislation Saturday extending the deadline for small businesses to apply for the Paycheck Protection Program, enacted in the weeks following the economic shutdown caused by the coronavirus pandemic.The original deadline to apply for the PPP was this past Tuesday night. But $130 billion still remained in the fund, out of $660 billion allocated. Both houses of Congress approved the extension unanimously earlier this week. With Trump's signature Saturday, businesses will now have until Aug. 8 to apply for the assistance.

The PPP lets businesses get direct government subsidies for payroll, rent and other costs. The subsidies come as federal loans, but those loans can be forgiven if businesses use at least 60% of the funds for payroll.The program has so far doled out about $520 billion in loans to almost 5 million small businesses across the country. The loans were meant to let businesses cover about two and a half months of typical costs.

The program's sponsors say they want to repurpose the program to better serve the challenges businesses are facing now, several months into the pandemic."As the scope of the financial damage done to small businesses by the pandemic and resulting lockdowns has grown, it has become clear that longer-term support is necessary," Florida Sen. Marco Rubio said in a

statement. Read more: NPR »

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Screw small business. What about all of us without jobs? Oh that's right, we don't count. We should be kissing ass for the $1200 one time check. This country sucks No more $'s unless it's to households. This was the grant Ted. Cruz’s barber fraudulently applied for. She should’ve gone to jail for fraud.

Trump sucks Thank you, HouseDemocrats Trump is the most obvious reason why an Artificial Intelligence should govern humanity. Trump, are you doing this to get votes or are you sincere? Hope it’s the latter. We really want you to be a good leader. We really want America to finally realize true greatness.

Trump TCB Was Eric late filing for his charity golf scam as a small business? Thanks for the FactsBasedJournalism! Wow look at this leftist propaganda GARBAGE maga livenotinfear treadonmedaddy nomasksimfragile Gonna need to sign that extension a couple more times if you continue to refuse to mandate masks.

I don’t get it. Why no negative slant? Can’t wait to see which $2 billion dollar “small businesses” are gonna suck up the rest...

President Trump signs extension for small business loan programThe coronavirus pandemic has brought countries to a standstill. In many places, as countries reopen, Covid-19 cases are on the rise. Follow here for the latest. Best. President. Ever Copied Australia Job keeper program. Very true general

Trump signs Paycheck Protection Program extensionPresident Donald Trump on Saturday signed an extension of the small business loan Paycheck Protection Program into law, according to the White House. Give everybody fucking money - employed and unemployed - where does discrimination end? We all pay god damn taxes Monster! 😂😂😂TRUMP2020🇺🇸🇺🇸🇺🇸 Why do people keep calling him “President”?

Experts Say Intel Should Have Reached Trump On Russian Bounty ProgramPresident Trump says no one told him about a suspected Russian bounty program. But the information was reportedly available to him and his top advisers in a detailed intelligence file called the President's Daily Briefing. If I didn’t do my assigned reading in a school and then failed the test, I wouldn’t get out of it because I hadn’t done the reading. Very little reaches Trump, unless it’s on Fox News. The fact that the PDB is characterized as Top secret from day one is very offensive to me as a citizen. Information should be declared top secret by a proper process and not jerks in the White House or the FBI or the CIA, they lack independence (on this Independence Day).

Trump signs extension of COVID-relief PPP fund for businessesPresident Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus. The legislation extends the June 30 deadline for applying for the Paycheck Protection Program to Aug. 8. Can someone please give him an adult pen I thought grifters had used up all the money? They have not yet filled their coffers for the next 10 generations...what the fuck is this obsession with accumulating wealth

Kimberly Guilfoyle -- Donald Trump Jr.'s girlfriend and top Trump campaign official -- tests positive for coronavirusKimberly Guilfoyle has tested positive for coronavirus, a person familiar with the matter and a campaign source familiar with the matter confirmed to CNN. He is so gross, how fucked up is she?

Kimberly Guilfoyle, Trump Fundraiser And Donald Trump Jr.’s Girlfriend, Tests Positive For CoronavirusDonald Trump Jr. was also tested, but was negative. Oops!! That's a maaan, man! did anyone tell him his girl is in drag?