Payments are now deferred until loan forgiveness is complete, interest will also be forgiven.

PPP loans are still available and the deadline for applications was extended until August 8.

Click here for SBA updates

The U.S. Senate unanimously passed House Bill H.R. 7010 to ease restrictions and extend terms for PPP borrowers. The bill is headed to President Trump, who is expected to sign it into law.

The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 7:30am PST.