Payroll Protection Program Extended to May 31 | Chicago Association of REALTORS®

The Payroll Protection Program (PPP) Extension Act of 2021 has been passed. This bill extends the PPP deadline for an additional two months, moving the deadline to May 31, unless the funds are depleted earlier. This also gives SBA lenders an additional 30 days to process the applications.

PPP has been a lifeline for many small businesses, independent contractors and sole proprietors – including REALTORS® – since the beginning of the pandemic.

We encourage you to apply as soon as possible before the May 31 deadline. Click here to read more from NAR, and click here for more information on how to get started through the Small Business Administration.