Ppp Loan 2024 Update Date. Loans issued prior to june 5, 2020, have a maturity of two years. Published on january 5, 2024.

In order to qualify for full forgiveness, at least 60% of a borrower’s ppp loan has to be spent on payroll (it’s called the paycheck protection program, after all), meaning eligible. Sba will begin referring defaulted ppp and covid eidl borrowers with loans under $100,000 to the u.s.