For many of you, the initial 8-week PPP Covered Period ended, and we’ve received a lot of inquiries about helping submit the forgiveness paperwork to their lenders. Please be patient as there is no rush.
For starters, the Covered Period is now 24 weeks, so everyone is still able to spend money that counts towards the PPP loan forgiveness. Plus, the loan forgiveness rules remain somewhat fluid and most banks haven’t finalized their forgiveness paperwork and procedures. Lastly, the government is now considering just forgiving all the PPP loans without anyone completing any paperwork at all.
We’ll continue to monitor this situation very carefully and will keep you posted.