COVID-19: PPP & EIDL Loan Information

Covered Period

The Covered Period starts on the date the PPP loan proceeds are deposited in your bank account and ends, based on your selection, between 8 and 24 weeks. The Covered Period is the period when you can use your PPP loan proceeds on eligible expenses for forgiveness.

All of the proceeds for the First Draw PPP Loan must be used for eligible costs prior to the disbursement of the Second Draw PPP Loan. Therefore the Covered Period for the First Draw PPP Loan cannot overlap with the Second Draw PPP Loan.


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