March 1, 2021
News Blast – Letter Urging Congress to Extend PPP Until June 30, 2021
Womply, a software and API company serving small businesses and app developers, is calling on American lawmakers and policymakers to extend the Paycheck Protection Program through March 31, 2021.
“There is simply not enough time in the next month for the SBA and ~5,000 lenders to convert rule changes into technical, content, support, and compliance updates and then get new applicants processed, approved, and funded,” says Womply’s letter to Congress. “Therefore, many eligible businesses, independent contractors, sole proprietors, and self-employed people will not be approved before the March 31st, 2021 deadline.”
The full letter can be downloaded HERE.
Interested parties — including borrowers and lenders — are encouraged to sign the letter using the using this GOOGLE FORM.