We received approval for our PPP loan Monday. Do we start our 8 weeks of record keeping from the date of approval or when we actually receive the funds in our bank? Payroll is being run this week but it doesn’t make sense to start with that one if the money doesn’t hit the bank by Friday.
Sharon Novy
Children’s Oasis Pediatrics
“The eight-week period begins on the date the lender makes the first disbursement of the PPP loan to the borrower…”
Can you show me where that is stated in the document? I thought that is what I understood from ur talks, day one is when u get the money in ur account. Both my accountant and my husband thiught it was when we signed the loan…
Thanks,
Silvia
Thank you so much!
1 Like