Publication

SBA Announces Simpler PPP Forgiveness for Loans Less Than $50k

The U.S. Small Business Administration (SBA) has announced that it is rolling out a simpler loan forgiveness application forPaycheck Protection Program (PPP)loans of $50,000 or less. According to the SBA press release, the new, more streamlined form “requires fewer calculations and less documentation for eligible borrowers” seeking PPP loan forgiveness, while protecting against fraud and misuse of funds.
  • Click here to view the simplerloan forgiveness application.
  • Click here to view the instructions for completing the simplerloan forgiveness application.
  • Click here to view the Interim Final Rule on the simplerforgiveness process for loans of $50,000 or less.
  • Click here to view the full SBA press release.
For more information on this topic, please contact Jennifer Audeh,Thomas Draper, or Malcolm Henderson.

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