Will they, or won’t they?
The Paycheck Protection Program (PPP) is scheduled to stop taking applications again Aug. 6. As of the end of business July 30, the PPP still had close to $130 billion in funding available.
In the Senate version of the latest round of federal stimulus, PPP would get an additional $190 billion in funding, and businesses would be able to access a second PPP loan if they already had received one earlier – with conditions on which businesses could access a second loan.
But talks between Democrats and Republicans have stalled. Will they pass legislation before PPP expires again?