July 23, 2020
When will we be required to start paying back our remaining loan amount? I’d like to submit our forgiveness calculations 30 days prior to avoid more work.
Posted by Armanino Financial Advisory Team
Borrowers who have a portion of their loan remaining after forgiveness will be required to start repaying once the forgiveness process is completed, meaning when the bank receives the forgiveness amount from the SBA and can apply it to your loan.