August 4, 2020
Can I make my Covered Period something other than eight or 24 weeks? I will be done spending my money after 12 weeks.
Posted by Armanino Financial Advisory Team
No. The Covered Period, as defined, is either eight weeks or 24 weeks. It is not something in between, no matter when you finished spending your money. That is not the same thing as choosing to file your forgiveness application early — this you can do at any time, but it does not change the duration of your Covered Period as defined.