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News & Press: Virginia Industry News

SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less

Wednesday, October 14, 2020   (0 Comments)
Posted by: Bannon Squirewell
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On October 8, the Small Business Administration in consultation with the Department of Treasury announced a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. SBA and Treasury have 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.


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