Congress has unanimously approved legislation to extend the Paycheck Protection Program (PPP) application deadline to Aug. 8, 2020. Once signed by the president, this will provide more time for veterinary practices and other prospective borrowers to apply for the roughly $132 billion still available in the forgivable loan program. The deadline previously had been June 30. The AVMA has updated information on its website on the PPP, eligibility requirements and instructions on applying. Visit the AVMA@Work blog for more information on the PPP.
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