March 26, 2021
Today I received this from the bank our association does business with. M&T is pretty good about communicating updates related to the Paycheck Protection Program and other recent emergency loan and grant programs. I just thought I would share it with everyone sine it discusses coming changes that would apply regardless of the bank you use.
If you need a hand with PPP issues or any other problem at the top of your worry list, I am here to help so don’t hesitate to reach out! I’m at 518 461-8200.
We are pleased that President Biden is expected to sign the Paycheck Protection Program (PPP) Extension Act shortly, extending the application deadline through May 31, 2021. There are some notable changes to the program we think you should know about and have outlined them in this update.
Good news for “Schedule C” filers
Expanded eligibility rules for tax-exempt groups
Additional Important Information for non-profits
Applying through the M&T online application portal
In the meantime, additional information on program eligibility requirements and how to apply for a PPP loan with M&T can be found on our Be Informed page.
If you are considering a PPP loan, our team would love to help.