Скачать или смотреть What Is The Maturity Date of a PPP Loan? | 5 Year PPP Loan Change Is NOT Automatic | PPP FAQ

The maturity date of the PPP loan to 5 years in NOT automatic. We discuss what you need to do to change your PPP loan from 2 years to 5 years.

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This video is intended for education purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Freedomtax Accounting and Multiservices Inc. is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Freedomtax Accounting and Multiservices Inc. or its members cannot be held liable for any use or misuse of this content.

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Maturity Date for PPP Loans

The maximum maturity for a PPP loan is 10 years. However, SBA set the maturity for a PPP loan at two years in the First Interim Final Rule.

The June 11 Rule alters the minimum maturity to five years for loans issued after June 5, 2020.

According to an SBA press release, borrowers with loans issued prior to June 5, 2020 may extend the maturity date of a PPP loan if the lender agrees.