PPP Loan forgiveness applications are not due for ten months after the last day of the borrower's covered period ended. If the covered period ends October 30, 2020 the loan application is due August 30, 2021.
For more information refer to the Journal of Accountancy's latest article on this update or the SBA's updated FAQs. Remember to follow us on LinkedIn to stay up to date on all of our posts.
Note: The SBA may their FAQs after this article is published. For the most up-to-date published FAQs, click the red download button on their FAQ page.