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re: Any word on when this PPP loan can be forgiven ?

Posted on 9/22/20 at 10:31 am to
Posted by Weekend Warrior79
Member since Aug 2014
16493 posts
Posted on 9/22/20 at 10:31 am to
My bank told me to go ahead and ask for forgiveness because if there is a round 2, you will be eligible for the same amount that you had forgiven. But, you will not be eligible for anything until your original loan was forgiven.

FYI, I can't officially request forgiveness until next week bc we went the 24 week route.
Posted by NOSHAU
Member since Feb 2012
11983 posts
Posted on 9/22/20 at 3:47 pm to
quote:

FYI, I can't officially request forgiveness until next week bc we went the 24 week route.

Not a requirement to wait the full 24 weeks if you have used all the funds (and have calculated that you are eligible for 100% forgiveness).
This post was edited on 9/22/20 at 3:48 pm
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