COVID-19 UPDATE: SBA Issues New FAQ #47 Extending Repayment Deadline for PPP Loans
May 15, 2020 - The SBA issued FAQ #47 last night extending the so-called “safe harbor” repayment period from May 14, 2020, to May 18, 2020. The “safe harbor” repayment period, which was established in an interim final rule issued by the SBA on May 8, 2020, provided that any borrower who applied for a PPP loan and repays […]
