Not Too Late for a PPP Loan

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.