PPP Loan Forgiveness Simplified for Loans Less than $50,000
The Treasury and the Small Business Administration have announced a simplified application for borrowers with loans amounts less than $50,000.
PPP Loan Forgiveness Update
On May 22nd the Treasury and Small Business Administration (“SBA”) released a new Interim Final Rules (“IFR”) on Loan Forgiveness.
SBA provides more guidance on PPP Loan Forgiveness
When submitting a PPP application, all borrowers must certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”
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