Senator Hassan Statement on Senate Passage of Legislation to Extend PPP Loan Application Deadline
WASHINGTON – U.S. Senator Maggie Hassan released the following statement after the Senate last night unanimously approved an extension of the deadline for small businesses and non-profits to apply for Paycheck Protection Program loans. The application deadline expired yesterday at midnight and this bipartisan legislation would extend the deadline through August 8, 2020. The legislation now heads to the House of Representatives.
“The Paycheck Protection Program has been a vital resource for small businesses and non-profits in New Hampshire and I am pleased that efforts to extend the deadline for this program were successful. However, we know that there is still more work to do to support employers and workers who are struggling to get by during this unprecedented economic challenge. I will continue working with my colleagues on bipartisan efforts to help get additional and much-needed support to Granite Staters and all Americans.”
Senator Hassan is working to support small businesses during the unprecedented COVID-19 pandemic, and voted in favor of bipartisan legislation – which is now law – to give small employers in New Hampshire and across the country more flexibility in using the federal funds provided to them through the Paycheck Protection Program. In April, Senator Hassan also voted in favor of bipartisan legislation to significantly bolster funding for programs that support small businesses, including the Paycheck Protection Program. Additionally, Senator Hassan recently joined a group of her colleagues in urging U.S. Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza to readjust regulatory requirements so that seasonal employers in New Hampshire and across the country can access the full amount of the Paycheck Protection Program loans for which they qualify.
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