PPP Loan Forgiveness Update

By George Batas

It is difficult to believe that seven months have passed since the Paycheck Protection Program (PPP) started dominating the national business conversation. Yesterday, the U.S. Small Business Administration released a simpler loan forgiveness application for PPP loans of $50,000 or less.

The new application is intended to help streamline the PPP forgiveness process for those smaller loans.

The SBA began approving PPP forgiveness applications last week. View the links below and contact your S&Z professional for guidance on your forgiveness application.

Download the new loan forgiveness application

Download the instructions for completing the loan forgiveness application

Download the Interim Final Rule on the forgiveness process for loans of $50,000 or less