Simpler PPP Loan Forgiveness for Loans of $50,000 or Less Now Available
Business Law News
Rothman Gordon
Pittsburgh, Pennsylvania
On October 8, 2020, the U.S. Department of Treasury and the SBA announced a simpler application for forgiveness of PPP loans of $50,000 or less. This action streamlines the PPP loan forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. The SBA and Treasury say the updated form will also ease the burden on lenders.