On June 25th, Treasury released another FAQ that will impact many borrowers as it determines the maturity date of the loans based on when the SBA loan number was assigned. The FAQ specifically states, “If a PPP loan received an SBA loan number on or after June 5, 2020, the loan has a five-year maturity. If a PPP loan received an SBA loan number before June 5, 2020, the loan has a two-year maturity, unless the borrower and lender mutually agree to extend the term of the loan to five years.”