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.