Pres. Biden Extends Paycheck Protection Program

The video discusses a relief program aimed at helping small businesses survive the pandemic. The president is encouraging lenders to enhance their support, especially for minority-owned businesses that were previously overlooked. The deadline for the Paycheck Protection Program has been extended to May 31st, allowing the Small Business Administration more time to review applications.

What is the main purpose of the relief program mentioned?

What did the president say about lenders in relation to the relief program?

Which groups of small business owners are specifically mentioned as being affected?

What is the new deadline to apply for a loan under the Paycheck Protection program?

What additional time is given to the Small Business Administration regarding applications?