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News & Press: Legislative Issues

U.S. Treasury Issues Clarification on Forgiveness For PPP Loans

Thursday, October 15, 2020   (0 Comments)
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The Treasury provided an addition to their Q & A document on PPP loan forgiveness. Some of the loan forgiveness applications showed an expiration date of October 31, 2020 on them. Question 4 on page 2 of the revised document confirms that the date shown is a procedural date, and will be extended. Borrowers do not need to file forgiveness by the end of October.

CALPASC members can click here for a copy of the document.

Any questions please contact CALPASC Director of Risk Management Bruce Wick at 760-535-9623, or bwick@calpasc.org.

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