Is there any reason why we can’t file the application for forgiveness early? We are checking the 8 week forgiveness period. If 90% forgivable we can go to 10 weeks ie. more payroll more expense. If we meet it a 10 weeks can we apply for forgiveness?
The PPP loan application was based on a monthly payroll, times the factor of 2.5. Question: Why is the forgiveness calculation based on 8 weeks, or more precisely 56 days, rather than say 2 months? Any thoughts appreciated.