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Yara Salcedo
Level 1

PPP Loans

1.Hello I have a question is the ppp loan extended till 8/28/ according o some articles in QB or is this wrong?

 

 

One more thing is this loan do become available again, i have a big concern.We went from a Sole prop to a Corporation S, barley in July so we have 7 weeks  of payroll as a  corporation,   how will I have to applied for the loan if  we move from sole prop to corp and we did not have any payroll for the corp until this July.  We have the same employees but I know is a different identity can I applied as a sole prop and put payroll back as a sole prop in order to become accepted for the loan or can I  do  it  as a corporation even though this company payroll stared in July and i can prove that we had a payroll as a sole prop before . I hope my question is not confusing and thank you so much for responding.

3 Comments 3
RenjolynC
QuickBooks Team

PPP Loans

I appreciate your time posting here, Yara Salcedo.

 

The Paycheck Protection Program has been extended to August 28, 2020. You can find more details in this article: What you need to know about the Paycheck Protection Program.

 

With regard to your concern about the updated business type, I recommend reaching out to our Customer Care Team. They can help verify if you're still eligible for the program. Before doing so, please check out our support hours here

 

  1. In your QuickBooks Desktop program, go to Help QuickBooks Desktop Help.
  2. In the Have a Question window, click the Contact Us link at the bottom.
  3. From the Contact Us page, select any topics.
  4. Under Here's how to connect with a QuickBooks expert section, click the Get Phone Number button.

You can also sign up to get updates for the PPP process here: Paycheck Protection Program. Click the Register now button, enter your email address. Then, select your product and click Submit

 

For more information about the PPP loan, you can visit the SBA and Treasury websites. Here are the links: 

Please feel free to add a reply if you have any follow-up questions or other concerns. Take care and stay safe.

Yara Salcedo
Level 1

PPP Loans

I honestly thing you guys have your dates wrong the due date fore the PPP Loan program is 8/10/20 not 8/28/20. I call in to get help but she did not know any of my answers I was basically telling her that the date was wrong because SBA shows 8/8/2020 NOT 8/28/2020. But I did have a question regarding if this do come available again, she just tall me to refereed to the IRS web site so literally I try the yesterday but i guess I waste my time trying to contact costumer service I do need help if somebody knows what can I do in my situation let me know please.

MaryLandT
Moderator

PPP Loans

I appreciate you contacting our Support Team about the PPP due date, Yara Salcedo.

 

Allow me to step in and clear things out for you. The due date can change anytime and only the SBA and Treasury can confirm this.

 

I've checked the article provided by my colleague above and it has been updated a month ago. I'll send a request to review and update the article. This is to ensure everything is accurate here in our end.

 

We'll keep you updated through the What you need to know about the Paycheck Protection Program page. You can visit it anytime.

 

Let me know if you need additional information by commenting below. Just tag my name and I'll get back to you.

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