The Covered Period is either an 8-week or 24-week period starting on either (a) the date your loan was disbursed (funds made available to you by the lender) or (b) the first regular payroll period after the disbursement date.

All loans disbursed on or after June 5 use the 24-week Covered Period.  A borrower whose loan was disbursed before June 5 can elect to use the 8-week Covered Period.  However, there are serious limitations if you elect the 8-week period.  Please see the SBA Instructions for more information.

Yes.  Please see the SBA Instructions for details on what documentation is required.

The PPP Flexibility Act extended the repayment deferral for a period of 10 months after end of the Covered Period, regardless of what it says in the Note.  If your forgiveness has not been approved by the SBA by that time, you will be notified to begin paying a monthly payment to amortize the principal and interest due.  Should your forgiveness be approved after that time, the monthly payment, if any, will be adjusted.

No.  It is your responsivity to keep track and make the application.  We are here to receive and process your application.

No.  We cannot give accounting or legal advice about what is in your forgiveness application.  Our role is strictly limited to managing the process.

No.  We cannot give accounting or legal advice about what is in your forgiveness application.  Our role is strictly limited to managing the process.

If your PPP loan is less than $50,000, use the 3508S form.

If above $50,000, read the instructions for the 3508EZ form; it is applies to you use it.

Otherwise, use the full 3508 form.