The first payment (of what is not forgiven) if any is due and payable 8 months from the day you get your PPP loan check.
The bank that issues your PPP loan is the same institution that processes your loan forgiveness application. The first thing they will look at is your payroll ledger for 2019 and compare it to 2020 so if writing yourself a bigger paycheck for satisfy the PPP Forgiveness is in your mind, I would not do it.
Your bank branch manager is not the forgiveness authority so if they told you “it’s ok” it may not be.
The bank is the final authority on loan forgiveness and there is no appeal process. So, if they will not forgive any portion of your PPP, you are stuck with their decision.
Whatever is not forgiven, you have to pay back at 1% interest BUT over 24 months. Can you afford that considering your current monthly obligations?
Regardless of who completes and submits your PPP application, you as the business owner are responsible for applying for loan forgiveness and paying back what is NOT forgiven.