Menu
Log in

  • Home
  • News
  • Simplified PPP Loan Forgiveness Application

Simplified PPP Loan Forgiveness Application

28 Oct 2020 2:30 PM | Anonymous

The Small Business Administration (SBA) and US Department of Treasury announced a simplified loan forgiveness application for those organizations that received a Paycheck Protection Program (PPP) loan of $50,000 or less.  

This simplified application (Form 3508S) exempts qualified borrowers from the rules governing reductions in headcount (full-time equivalent employees) and employee wages.  More information on how to complete Form 3508S can be found here


Powered by Wild Apricot Membership Software