SBA ANNOUNCES SIMPLIFIED PPP FORGIVENESS APPLICATION

EMA

The U.S. Small Business Administration (SBA) recently announced a simpler loan forgiveness application for Paycheck Protection Program (PPP) borrowers of $50,000 or less. The new streamlined application is 2 pages, making it much easier on small businesses. While applicants still need to be approved to receive loan forgiveness, borrowers of $50,000 or less now have less paperwork to be approved for loan forgiveness.

Click here to view the SBA Press Release which also provides the new application.