Simplified PPP Loan Forgiveness Application

Paycheck Protection Program (PPP) provided 5.2 million loans worth $525 billion to small businesses. If you obtained a PPP loan not exceeding $50,000, you can apply for loan forgiveness on a simplified form. The SBA began to accept loan forgiveness applications and remitting them to lenders on October 2, but will continue to process PPP loan forgiveness applications “in an expeditious manner.” #IdeaoftheDay

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