Is there any guidance on the returning/cancellation of PPP once the funds have been disbursed (pending in my account)? My business situation has changed since my note signage and I don't think i can reconcile those changing circumstances with the terms of this loan. I have not spent any of the funds and the deposit is still pending in my business banking account.
I have emailed firstname.lastname@example.org already but since I want to make sure this gets addressed before the May 7th "Safe Harbor Provision" date passes. Anyone have experience reaching an email inbox or phone number that could be of help?
I am in the same situation. Waiting for a reply from my BoA banker.
Note this latest update:
This statement appears in the PPP FAQs issued May 5, 2020.
Answer: SBA is extending the repayment date for this safe harbor to May 14, 2020. Borrowers do not need to apply for this extension. This extension will be promptly implemented through a revision to the SBA’s interim final rule providing the safe harbor. SBA intends to provide additional guidance on how it will review the certification prior to May 14, 2020.
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