New, Easy Forgiveness for PPP Loans of $50,000 or Less

By October 15, 2020October 21st, 2020Employment News, News

To provide financial and administrative relief to America’s smallest businesses, the U.S. Small Business Administration, in consultation with the Treasury Department, finally released a simpler loan forgiveness application exclusively for Paycheck Protection Program (PPP) loans of $50,000 or less. Approval of PPP forgiveness applications and remittance of payments to PPP lenders for PPP borrowers began on October 2, 2020. Visit: https://www.sba.gov/article/2020/oct/08/sba-treasury-announce-simpler-ppp-forgiveness-loans-50000-or-less for more details, instructions and to download the forgiveness application.