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Oct 12 2020

PPP Forgiveness for Loans of $50,000 or Less announced by SBA

By: Rob Lynn

 

The Small Business Administration (SBA) in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

 

Click here to view the simpler loan forgiveness application.

Click here to view the instructions for completing the simpler loan forgiveness application.

Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less


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