Hawthorne & Co. CPAs

SBA Settles Confusion Over PPP Forgiveness Application Due Date

SBA Settles Confusion Over PPP Forgiveness Application Due Date

The Small Business Administration has released guidance that confirms Paycheck Protection Program loan-forgiveness applications are not due Oct. 31. Fears of a late-October PPP surprise have come to the SBA’s attention because the program’s loan-forgiveness application forms (3508, 3508EZ and 3508S) display an expiration date of “10/31/2020” in the upper-right corner.

If you should have any questions, please contact our office at (206)243-2336 or email us at office@hawthorne-cpa.com

** This information is provided for general educational purposes only. Before taking any action based on this information, we strongly encourage you to consult with a professional accounting advisor about your specific situation.

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