Paycheck Protection Program Timeline for Lenders
A PPP Timeline for Forgiveness and Administration
Lenders have worked around the clock to help small business borrowers secure Paycheck Protection Program (PPP) loans, and now they’re looking ahead to the next steps in the PPP process: forgiveness and administration. The loan forgiveness process is one of the most important aspects of the Paycheck Protection Program to both borrowers and lenders, but with changing guidance and due dates, understanding the timeline for applying for forgiveness and submitting Form 1502 for processing fees has been complicated.
Download to learn:
- Timeline of the submitting and determining forgiveness (Form 3508)
- Timeline for submitting Form 1502 for processing fees