PPP 2 Covered Period
If your business just received a PPP2 loan, or is about to, please read on...
We've been getting a lot of questions about the covered period. Let us clarify: It begins the day you receive the loan. The period can be no less than 8 weeks from funding date and no more than 24 weeks after funding date.
(To qualify for full forgiveness, at least 60% of the loan proceeds has to be spent on payroll.)
If you have questions, please let us know.