NEW PPP Forgiveness Application for Loans $50K or Less

NAPEO keeps us informed of changes in legislation, yesterday, the Small Business Administration rolled out a new Payroll Protection Program forgiveness application for all loans that are $50,000 or less.  

SBA Issues New PPP Forgiveness Application for Loans Under $50,000

Yesterday (October 8), the Small Business Administration announced a simplified Payroll Protection Program (PPP) forgiveness application for all loans of $50,000 or less.

SBA also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.

• Click here to view the simpler loan forgiveness application.
• Click here to view the instructions for completing the simpler loan forgiveness application.
• Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

For more information, contact Thom Stohler.

The National Association of Professional Employer Organizations

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covid19@napeo.org