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