Jonathan Whinston from Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit

Jonathan Whinston

Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit

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Seller Agent by Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit
Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit will help you get the best price and the most value out of your listing. Gett...
Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit will help you find the home of your dreams without going over budget. We're e...
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Jonathan from Red Buffalo Mountain Real Estate, Inc./REMAX Properties of the Summit Answered this on January 31, 2021
There does appear to be one mis statement in the above synopsis, otherwise a great summary. The covered period does not depend upon whether the loan was funded before or after June 5 2020; Covered period of the loan: Either 8 or 24 weeks depending on when you received your loan (before June 5,... (more) There does appear to be one mis statement in the above synopsis, otherwise a great summary. The covered period does not depend upon whether the loan was funded before or after June 5 2020; Covered period of the loan: Either 8 or 24 weeks depending on when you received your loan (before June 5, 2020 = 8 week period, after June 5, 2020 = 24 week period) ...as of June 5 the borrower had the option of choosing the 8 week period or the revised 24 week period for any PPP loan.;  From the newest Forgiveness form... Covered Period: The Covered Period begins on the date the loan was originally disbursed. It ends on a date selected by the Borrower that is at least 8 weeks following the date of loan disbursement and not more than 24 weeks after the date of loan disbursement. For example, if the Borrower received their PPP loan proceeds on Monday, April 20, 2020, the first day of the Covered Period is Monday, April 20, 2020, and the final day of the Covered Period is any date selected by the Borrower between Sunday, June 14, 2020, and Sunday, October 4, 2020.
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