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The PPP will official close on May 31 with the SBA continuing to approve applications through June 30th. Today’s operational update dove into the details firms should know going into these final days, including what statuses will mean for applications with an SBA validation error or hold code.

We also shared information on agent fee payments and processing, with the initial payment being disbursed to firms by the end of May. (Firm administrators should check their Commission Report page to review loans that will be eligible to receive Agent Fees.)

Additionally, we covered another in depth review of what to know and what to do with applications in the ‘More Information Needed’ status.