Massachusetts Attorney General Maura Healey
June 29, 2020
Paycheck Protection Program applications deadline on Tuesday
More than $100 billion remains available for loans through the federal Paycheck Protection Program, which will stop accepting applications after Tuesday.
Attorney General Maura Healey’s office released the advisory, which is available online, to answer questions and provide information about the program for small business owners interested in applying.
“If you need these funds, now is the time to apply,” Healey said in a statement.
The $669-billion PPP was established by Congress as part of the $2-trillion Coronavirus Aid, Relief and Economic Security Act, which was signed into law on March 27.
Although it is possible the deadline will be extended, it’s not clear yet whether or not that will happen, or what the extension would look like.
The PPP provides partially forgivable loans to small business owners impacted by the coronavirus. More information and FAQs are available on the Mass. state website.
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