06/16/2020 2:02:38 PM
It’s not too late for a PPP loan, here’s why. As you may recall, the PPP program was modified from an 8-week covered period to a 24-week period covered period. This change makes it very easy to use all PPP proceeds on payroll over a 24-week period and achieve 100% forgiveness of the loan. It will require very little documentation and a relatively easy application process. For these reasons, if you have not applied for a PPP loan yet, consider doing so now! The deadline for application is June 30, 2020. There is currently over $1 billion still available in the SBA PPP fund.