As a part of the continuing evolution of the Payroll Protection Program, the government has released a simplified forgiveness form to make it easier for loan recipients to apply for forgiveness.
Applications for forgiveness will take place through your bank and it appears that you will still be required to submit paperwork to substantiate that the loan was used appropriately, but application and the calculations involved are streamlined. Talk to your lender for more information.
Use the links below to see
June 16, 2020
revision of the application and the instructions.
Please note that an earlier version of the application was released, but it appears to have been replaced by this version which provides more clarity.