SBA Releases New Guidelines And New Forgiveness Process for PPP Loans Under $50,000
Updated: Oct 13
Click here to view the simplified loan forgiveness application.
Click here to view the instructions for completing the simplified loan forgiveness application.
Click here to view the Interim Final Rule on the simplified forgiveness process for loans of $50,000 or less.
The SBA has just released new guidelines and a new forgiveness process for Paycheck Protection Program (PPP) loans under $50,000 - a more streamlined and simplified process. To assist business owners with navigating the new program guidelines and changes, the SBDC, University at Albany will be offering a webinar next Tuesday. PPP Loan Forgiveness Program Changes Webinar will cover the following information:
Overview of all PPP Forgiveness Applications
How to identify which forgiveness application you qualify for
Recent program guideline changes to the forgiveness process.
Revised forgiveness application for PPP Loans of less than $50,000