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