None of my questions were answered… what now?
Please visit the Small Business Association and the US Treasury website for the most up to date information regarding PPP Loans. They also have FAQs that … Continue reading
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Does PPP loan forgiveness apply to sole proprietors and self-employed?
For sole proprietors and self-employed individuals, owner compensation is calculated based on your 2019 net income. If using an 8-week … Continue reading
What are the most recent changes to the PPP loan program?
Congress passed the PPP Flexibility Act on June 5, 2020, which brought with it numerous changes to PPP loans, many … Continue reading
How long will it take for me to know if my PPP loan was forgiven?
Jeanne D’Arc has 60 days to submit your PPP forgiveness application to the SBA after we’ve received and reviewed it. … Continue reading
How can I access the forgiveness portal?
Click here to access our PPP Loan Forgiveness portal. You will need your SBA Loan Number and EIN/SSN to start your … Continue reading
Is Jeanne D’Arc accepting PPP forgiveness loan applications?
Yes. Click here to access our PPP Loan Forgiveness portal.
How long do I have to apply for forgiveness?
You have 10 months from the last day of your covered period to apply for forgiveness.
What is my covered period and how is it determined?
Your covered period is the number of weeks you have to utilize your PPP funds from the date of your … Continue reading
Will my PPP loan automatically be forgiven?
No, you need to meet the specific guidelines set by the SBA in order for your loan to be forgiven.
What documents should I submit with a loan forgiveness application?
The required documentation to submit can be found on 3508 forgiveness instruction, the 3508EZ forgiveness instructions, or the 3508S forgiveness instructions.