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Financial Services Law Insights and Observations

PPP extended until August 8

Federal Issues Covid-19 SBA Small Business Lending Federal Legislation

Federal Issues

On July 4, President Trump signed S.4116, which extends authorization for the Small Business Administration’s Paycheck Protection Program (PPP) through August 8. Additionally, the measure separates the amount authorized for the SBA’s standard 7(a) small business lending program from the PPP’s authorized commitment of $659 billion.

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