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House OKs Extension of PPP Loan Deadline

House OKs Extension of PPP Loan Deadline

By The Associated Press | May 29, 2020 | Reprints | Unlock Link

The House gave sweeping bipartisan approval Thursday to legislation modify the terms of Paycheck Protection Program loans made to businesses that have suffered COVID-related losses, giving them more flexibility to use federal subsidies for other costs and extending the lifespan of the program as the economy continues to struggle.

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