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PPP Application Deadline Extended to May 31

April 01, 2021

By: Mark Heimendinger & Ferran Arimon

On Tuesday, President Biden signed an extension of the Paycheck Protection Program (“PPP”) into law. The law extends the deadline to apply for a PPP Loan to May 31 (from March 31) and extends the date for loan authorization to June 30 to allow the Small Business Administration additional time to process loan applications.  

The bill passed the House by a vote of 415 to 3 and was approved in the Senate by a vote of 92 to 7.  

For additional information regarding the Paycheck Protection Program – please see the following articles: 


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Mark

Getting the deal done requires flexibility, creativity, and efficiency. Clients and colleagues alike turn to Mark Heimendinger for his years of debt and equity finance experience, particularly in the commercial real estate and other asset-based arenas.


A seasoned pro who has seen the risks and iterations associated with both sides of a deal and all aspects of the capital stack, Mark understands that many contentious legal issues often mask a business concern – one that he likely has faced before. Even with the most complex and challenging negotiations, he is pragmatic, and focused on the client’s commercial goals.

Mark’s clients include issuers, borrowers, lenders, and underwriters. He has negotiated and executed a variety of transaction structures, including term and revolving credit facilities, public bond financings, public and private securitization transactions (including CMBS), mezzanine financing, equipment financing, 144A and Reg. D offerings, repo agreements, syndications, currency and interest rate cap and swap transactions, underwriting agreements, intercreditor agreements, joint ventures, and jurisdiction-specific non-recourse structures. Within the real estate space, Mark has covered multiple asset classes, including hotels and leisure facilities, office towers, senior living facilities, and multi-family residential buildings.

In addition to his Florida practice, Mark has years of both domestic and overseas “AmLaw 100” experience and has completed numerous cross-border transactions, mostly in the Asia Pacific region and in Europe.
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