Joint Statement by SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin Regarding Enactment of the Paycheck Protection Program Flexibility Act
… program that has provided over 4.5 million small business loans totaling more than $500 billion to ensure that … loan forgiveness. Borrowers who have already received PPP loans retain the option to use an eight-week covered period. … 31, 2020. Increase to five years the maturity of PPP loans that are approved by SBA (based on the date SBA assigns …