If you obtained a PPP loan, your covered period starts on the day the loan money was deposited. The covered period length could be from 8 to 24 weeks. The covered period would have been specified on your loan documents. Your deadline for submitting a PPP loan forgiveness application ends 10 months after your covered period ends.
The common ending date for the covered period for the first round PPP loan draws was October 30, 2020. Count forward ten months and that’s August 30, 2021.
A quick spread of COVID-19 has disrupted economies around the world-changing the way businesses reach and interact with customers. As lockdowns are slowly lifted across multiple countries, business owners are discovering that things are not quite going back to normal. In fact, there’s probably a new normal being created right now, the new way we are going to operate our businesses and do marketing from now on.
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