The U.S. Small Business Administration (SBA) posted a revised borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application. In addition to revising the full forgiveness application, SBA also published a new EZ version application that applies to borrowers who:
• Are self-employed and have no employees; OR
• Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
• Experienced reductions in business activity as a result of health directives related to COVID-19 and did not reduce the salaries or wages of their employees by more than 25%.
to view the EZ Forgiveness Application instructions. Deadline to apply for a Paycheck Protection Program Loan is June 30. Find all SBA COVID-19 Business Resources like a list of local PPP lenders and SBA Q&A Zoom recordings