15/02/2021 · There is no deadline to apply for PPP loan forgiveness. Lenders will continue accepting PPP forgiveness applications so long as borrowers have PPP loans. It’s recommended you apply for forgiveness before you need to make your first PPP loan payment. Here’s why. PPP loans have a covered period of 8 to 24 weeks after the funds hit your bank ;· Can I apply for second-draw PPP loans if I’ve applied for loan forgiveness for my first PPP loan? Yes. As long as you used your first PPP loan as outlined you can apply for second-draw PPP loans, so long as you meet all other eligibility requirements (
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