PPP loans issued after 6/5/2020 will have a 5-year term. Any reduction in an employee's salary or hourly wages of more than 25% will be subtracted from your eligible loan forgiveness amount.PPP loans issued after 6/5/2020 will have a 5-year term. Any reduction in an employee's salary or hourly wages of more than 25% will be subtracted from your eligible loan forgiveness amount.

PPP loans issued after 6/5/2020 will have a 5-year term. Any reduction in an employee's salary or hourly wages of more than 25% will be subtracted from your eligible loan forgiveness amount.So at this point its impossible to give you a timeframe, I would suggest to lookout for email and Kservicing dashboard updates as we anticipate getting approvals this week." I would not put this on KServicing, as it seems many lenders are having technical issues with communication with the SBA. Fingers crossed things get worked out this week.

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