---
title: Deadline To Return PPP Loans Extended - Brown Edwards
description: MAY 6, 2020 In the May 5th update of the Paycheck Protection Program Frequently Asked Questions, the Trump Administration announced that it would be extending the deadline for borrowers to return Paycheck Protection Program loans by one week from May […]
image: https://blog.becpas.com/hubfs/Imported_Blog_Media/Banner-Jun-01-2021-09-24-02-55-PM.jpg
---

[Twitter ** ](https://www.facebook.com/BrownEdwardsCPAs?utm_source=BE+Website&utm_medium=Website+Icon&utm_campaign=BE+Website+Social+Icon&utm_content=Facebook) [Facebook-f ** ](https://www.linkedin.com/company/brown-edwards/?utm_source=BE+Website&utm_medium=Website+Icon&utm_campaign=BE+Website+Social+Icon&utm_content=LinkedIn) [Linkedin ** ](https://www.youtube.com/channel/UC3ReCSn6AFfdQiCUsH4oopA?utm_source=BE+Website&utm_medium=Website+Icon&utm_campaign=BE+Website+Social+Icon&utm_content=YouTube) [Youtube ** ](https://www.youtube.com/channel/UC3ReCSn6AFfdQiCUsH4oopA?utm_source=BE+Website&utm_medium=Website+Icon&utm_campaign=BE+Website+Social+Icon&utm_content=YouTube)

[ Client Portal ](https://becpas.sharefile.com/Authentication/Login)

[ Make A Payment ](https://becpas.com/payments/)

[ Request Proposal ](https://becpas.com/request-for-proposal/)

![](https://blog.becpas.com/hubfs/Imported_Blog_Media/Banner-Jun-01-2021-09-24-02-55-PM.jpg)

# Deadline To Return PPP Loans Extended

 Published by [ Laura Sprouse ](https://blog.becpas.com/author/laura-sprouse) on  May 6, 2020 11:37:36 AM

**MAY 6, 2020**

In the May 5th update of the Paycheck Protection Program Frequently Asked Questions, the Trump Administration announced that it would be extending the deadline for borrowers to return Paycheck Protection Program loans by one week from May 7th to May 14th.  The decision came after various groups urged the administration to provide more time for borrowers to decide if they would return their loans. The SBA has indicated that it intends to provide additional guidance on how it will review the certification prior to the May 14th deadline.

From Question #43:

***Question: FAQ #31 reminded borrowers to review carefully the required certification on the Borrower Application Form that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” SBA guidance and regulations provide that any borrower who applied for a PPP loan prior to April 24, 2020 and repays the loan in full by May 7, 2020 will be deemed by SBA to have made the required certification in good faith. Is it possible for a borrower to obtain an extension of the May 7, 2020 repayment date?***

***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.***

If you have questions, we are here to help.  Please contact your Brown Edwards professional for more information or assistance.

Tags: [COVID-19](https://blog.becpas.com/tag/covid-19), [Small Business Relief](https://blog.becpas.com/tag/small-business-relief)

[Back to Blog](https://blog.becpas.com)

## Related Articles

<https://blog.becpas.com/ppp-borrowers-get-concessions-additional-guidance-on-forgiveness>

## [PPP Borrowers Get Concessions, Additional Guidance On Forgiveness](https://blog.becpas.com/ppp-borrowers-get-concessions-additional-guidance-on-forgiveness)

 The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020,...

[Read More ](https://blog.becpas.com/ppp-borrowers-get-concessions-additional-guidance-on-forgiveness)

<https://blog.becpas.com/paycheck-protection-program-ppp-application-deadline-extended>

## [Paycheck Protection Program (PPP) Application Deadline Extended](https://blog.becpas.com/paycheck-protection-program-ppp-application-deadline-extended)

 President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck...

[Read More ](https://blog.becpas.com/paycheck-protection-program-ppp-application-deadline-extended)

<https://blog.becpas.com/ppp-forgiveness-and-repayment-what-businesses-need-to-know-now>

## [PPP forgiveness and repayment: What businesses need to know now](https://blog.becpas.com/ppp-forgiveness-and-repayment-what-businesses-need-to-know-now)

 A critical deadline is approaching for many of the businesses that have received loans under the...

[Read More ](https://blog.becpas.com/ppp-forgiveness-and-repayment-what-businesses-need-to-know-now)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Laura Sprouse",
    "url" : "https://blog.becpas.com/author/laura-sprouse"
  },
  "dateModified" : "2021-06-01T21:24:13.559Z",
  "datePublished" : "2020-05-06T15:37:36.000Z",
  "headline" : "Deadline To Return PPP Loans Extended - Brown Edwards",
  "image" : [ "https://blog.becpas.com/hubfs/Imported_Blog_Media/Banner-Jun-01-2021-09-24-02-55-PM.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://blog.becpas.com/deadline-to-return-ppp-loans-extended",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://blog.becpas.com/hubfs/2021%20BE-Logo-4color-oldgold-3.png"
    },
    "name" : "Brown Edwards & Company, LLP"
  }
}
```