SBA Announces Simplified PPP Forgiveness Application
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 two 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.