Association Executive Directors Community

SBA Funding for PPP Loans - 5/5/21

  • 1.  SBA Funding for PPP Loans - 5/5/21

    National Council Staff
    Posted 05-05-2021 13:41

    Good Afternoon Association Executives,

    I hope you are all doing well and enjoying NatCon21. I wanted to provide you an unfortunate update regarding the Paycheck Protection Program (PPP).

    The Small Business Administration (SBA) has announced that is has exhausted the funding allocated to the PPP and will stop accepting most new applications for loans despite the previously announced May 31, 2021 deadline.  Some funds do remain available for lenders to finish processing applications that were already submitted to the agency.

    The focus now shifts to Congress to determine whether or not another round of funding will be provided to continue the program. 

    Thank you so much and please let me know if you have any questions.

    Stephanie Katz
    Director, Federal Policy and Advocacy
    National Council for Behavioral Health
    Stephaniek@TheNationalCouncil.org



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    Neal Comstock
    Director of Membership
    National Council
    NealC@TheNationalCouncil.org
    202 748-8793
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