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When is the very last day I can apply for PPP Loan Forgiveness?

We thought it would be helpful to provide you with an article that answers the question “What is the very last day I can apply for PPP Loan Forgiveness before I have to start making payments?”

PPP Loans Over $2 Million – Expect Longer Than Normal SBA Review Periods

If you have a larger PPP loan, specifically $2 million or more, and have applied or are preparing to apply for Loan Forgiveness, you should anticipate the SBA review and decisioning time to exceed 90 days. This does not necessarily mean your loan will not be forgiven.

PPP Rules Revised for Self-Employed Filing 1040 and Schedule C

New PPP Changes Attempt to Ease Smallest Businesses' access

In order to assist small businesses struggling under the COVID-19 pandemic, changes are being made to the Paycheck Protection Program (PPP) to allow only small businesses to apply during a two-week period starting Wednesday, February 24, 2021.

SBA Releases New Forgiveness Applications

The US Small Business Administration (SBA) and Treasury published updated Paycheck Protection Program (PPP) Loan Forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less.

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