WebJul 18, 2024 · In earlier versions of the PPP program, borrowers would only have eight weeks to apply for forgiveness. However, in 2024, these rules were changed to extend … WebJan 15, 2024 · Permitted Uses of PPP Loan Funds. The permitted uses of PPP funds have been expanded to include repair costs incurred due to damage caused by riots or vandalism in 2024. Application Deadline. Borrowers can apply for a First Draw or Second Draw PPP loan until March 31, 2024. This may change with further legislation. EIDL Forgiveness. …
SBA’s PPP loan forgiveness deadline is fast approaching ... - masslive
WebMar 31, 2024 · The program initially stopped accepting new applications on Aug. 8, 2024, but the program reopened on Jan. 11, 2024, for first-draw loans. For small businesses that had already received a PPP loan, second-draw loans became available starting Jan. 15. The deadline for both first- and second-draw loan applications is May 31, 2024. WebJan 20, 2024 · Borrowers that need assistance or have questions should call the SBA at (877) 552-2692, Monday – Friday, 8 a.m. - 8 p.m. EST. If your PPP amount is over $150, 000 and you received your PPP loan through a bank in the SmartBiz network, your bank will be contacting you directly about applying for Forgiveness. Otherwise, you should reach … psych high noon-ish
SBA settles confusion over PPP forgiveness application due date
WebIf you received a Paycheck Protection Program, your loan is fully forgivable, if spent properly. As you use up your PPP loan funds, you may start to wonder what the PPP forgiveness application deadline is. The short return? It count on when you got your loan. For all which details, read for. WebMay 6, 2024 · The SBA has extended the PPP loan repayment deadline from May 7 to May 14. This is for companies that don’t meet the economic uncertainty requirement. ... SBA PPP loan forgiveness 1/2/2024. Denver-area advisory firm Stratagem joins Wipfli 10/9/2024. Wipfli promotes Gina Skibo ... WebJul 8, 2024 · The application deadline for PPP loans has been extended to Aug. 8 to give small businesses more time to access billions in federal funds set aside for the program. ... Borrowers who fail to apply for forgiveness before the 10-month deadline will have to make payments on principal, interest and fees for PPP loans. horton\\u0027s furniture in wichita kansas