President Joe Biden signed the Paycheck Protection Program (PPP) extension on Tuesday March 30, 2020. There are two parts to the added time for the program. In one part, businesses are given an additional two months to apply for the loans to May 31. The deadline had been March 31. In the other part, the Small Business Administration (SBA) can process applications until June 30. The SBA has said it expects the money to run out by mid-April.