This week, the Treasury Department announced an easier application process for businesses that received Payroll Protection Program (PPP) loans less than $50,000. This new application does not require any calculations for loan forgiveness and borrowers are not subject to any wage or FTE reductions. Keep all relevant payroll reports and expense records on file, as they could be requested in the future by the Small Business Association.
Below you’ll find links to the new instructions and application.
FOR APPLICATION INSTRUCTIONS: VISIT HERE
FOR THE APPLICATION: VISIT HERE