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Sen. Tillis Co-Sponsored Legislation to Extend the PPP Deadline to May 31st Signed Into Law

Apr 01, 2021 - Targeted News Service

Sen. Thom Tillis, R-North Carolina, issued the following news release on March 31, 2021:

Bipartisan legislation co-sponsored by U.S. Senator Thom Tillis (R-NC) to help small employers retain access to forgivable Paycheck Protection Program (PPP) loans was signed into law. The bill was endorsed by nearly 100 organizations, including the NFIB and the U.S. Chamber of Commerce.

In 2020, 129,289 PPP loans were distributed to North Carolina businesses for more than $12.2 billion, and 72,31...