SBA clarifies PPP forgiveness application due date

October 16, 2020

The U.S. Small Business Administration (SBA) released guidance Tuesday, Oct. 13, confirming that Paycheck Protection Program (PPP) loan forgiveness applications are not due Oct. 31.

Fears of a late-October PPP surprise came 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 top right corner.

These concerns prompted the SBA to release a new entry in its loan forgiveness FAQs document. Find it here.

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