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

Updated & User Friendly SBA assistance

The SBA has updated its website and created a user friendly site outlining all of the loan programs available to small businesses as emergency loans.

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources