President Donald Trump signed legislation Saturday extending the deadline for businesses to apply for Paycheck Protection Program loans to August 8. File Photo by Yuri Gripas/UPI

Source: UPI

President Donald Trump signed a law Saturday extending the deadline for small business loans under the Paycheck Protection Program.

The extension of PPP, which was established to provide small businesses relief from the economic impact of the coronavirus pandemic, was passed by Congress earlier in the week. Trump signed the legislation to extend the PPP, which expired Tuesday with $130 million unspent.

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