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Paycheck Protection Program extended

New Milford Mayor Pete Bass is alerting business owners that the federal Paycheck Protection Program has been extended to May 31st.  PPP provides forgivable loans to help eligible self-employed individuals, businesses and nonprofits keep their workforce employed during the pandemic.  Any business that hasn't applied for funds may be eligible for a First-Draw loan.  Those that have received a First-Draw loan may also be eligible for a Second-Draw loan.  Borrowers may qualify for up to 100% forgiveness through an application process

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