1. PPP Loan Forgiveness Help Center
  2. Forgiveness Application Questions

What is my Covered Period?

The Covered Period begins on the date the loan was originally disbursed (the "Disbursement Date").

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.

If you do not apply for loan forgiveness within 10 months after the last day of your covered period (in this case, the SBA assumes you are using the maximum length 24-week covered period), loan payments are no longer deferred and you will be required to begin making payments on your PPP loan.