PPP LOANS OF 50k OR LESS

Paycheck Protection Program (PPP) borrowers of $50,000 or less now have an opportunity to apply for forgiveness using a simplified application that has been released.

Loans of less than $50,000 are now exempted from any reductions in forgiveness based on reductions of employees or reductions in wages.

https://www.sba.gov/sites/default/files/2020-10/PPP Loan Forgiveness Application Form 3508S.pdf