SBA Extends Deadline for Lenders to Submit PPP Information

The SBA has updated the PPP Loan Report and question 48 in its FAQS.

SBA PPP FAQs (question 48): The deadline for lenders to electronically submit the initial SBA Form 1502 reporting information has been extended to: (1) May 29, 2020, or (2) 10 calendar days after disbursement or cancellation of the PPP loan.
SBA Paycheck Protection Program Loan Report Round 2

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