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

The Small Business Administration announced a simplified Payroll Protection Program (PPP) forgiveness application this week 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 additional information, contact Thrive PEO - Oklahoma's best Professional Employer Organization at: thrive@thrivepeo.com or (918) 794-2200. #thrivepeo #tulsapeo #oklahomapeo