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Although the clock is running out for RIAs who may still want to apply for a Small Business Administration loan through the Paycheck Protection Program (PPP), other options are available that may make more sense for some firms, according to DeVoe & Co. and Live Oak Bank executives.

Many RIAs still don’t know about the opportunities available to them under the SBA PPP loan program and could miss out if they don’t apply by the March 31 expiration date, Brad Grubb, managing director at DeVoe & Co., pointed out Wednesday in a DeVoe CapitalWorks webinar.

(On Thursday afternoon, lawmakers introduced a bill to extend the PPP loan application deadline to May 31.)

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