PPP now has a simpler process for forgiveness of $50K or less

The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program(PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. Learn more:

• Simpler loan forgiveness application
• Instructions for completing this application
• Interim Final Rule on the simpler forgiveness process

Contact the Central Virginia SBDC if you need assistance with your PPP loan forgiveness application!