The U.S. Small Business Administration (SBA) confirms that Paycheck Protection Program (PPP) loan forgiveness applications are not due on Oct. 31.

Fears of a late-October PPP surprise came to the SBA’s attention because the application forms display an expiration date of “10/31/2020” in the upper-right corner.

The SBA explains that borrowers may submit a loan forgiveness application any time before the maturity date of the loan, which is either two or five years from the loan’s origination, depending on the borrower’s agreement. But the SBA also reminds borrowers that loan payments are deferred only until 10 months after the last day of each borrower’s loan forgiveness covered period.

For example, the SBA wrote, a borrower with a covered period that ends Oct. 30, 2020, has until Aug. 30, 2021, to apply for forgiveness before loan repayment begins.