PPP Application Deadline Extended to May 31

President Biden has signed into law the PPP Extension Act of 2021, which gives businesses and nonprofits more time to apply for a second draw or first draw Paycheck Protection Program (PPP) loan.

Previously set to close today, March 31, the PPP application portal will now remain open through May 31, 2021 . In addition, the Act also extends the PPP authorization period through June 30, 2021, giving the SBA more time to approve qualified applicants.

Read more about the latest PPP eligibility requirements from Grassi’s Emergency Loan consultants.

Please contact your Grassi advisor or our Crisis Response & Recovery hotline at 212.223.6216 or response@grassicpas.com to learn more about taking advantage of this extra time to secure the relief your organization deserves.


Lou Pizzileo An assurance and advisory Partner at Grassi, Lou Pizzileo plays a key role serving the firm’s clients in the manufacturing and distribution, technology and specialty finance practices. Entrepreneurial minded, Lou recently led the firm’s efforts in assisting companies with capturing available stimulus provided by the CARES Act, including the Paycheck Protection Program. He also recently created and leads the firm’s IT assurance practice. Lou... Read full bio

Robert L. Tobey Robert L. Tobey, CPA is a Partner in the Tax Services practice at Grassi, where he guides clients through the complexities of tax planning and compliance on the federal, state and international levels. He specializes in helping pass-through entities, multi-state corporations, high-net-worth individuals and investors meet their business, tax savings and wealth preservation goals. Robert advises clients in a wide range of industries, with... Read full bio