SBA Extends Deadline For Repayment of PPP Loans To May 18, 2020

Once again, the SBA has moved the safe harbor extension deadline for the return of PPP loans. Borrowers now have until May 18, 2020 to return the funds should they determine they are unable to meet the necessity requirement of the good faith certification. The SBA previously had extended the safe harbor date from May 7, 2020 to March 14, 2020.