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SBA Releases New Guidelines And New Forgiveness Process for PPP Loans Under $50,000

Updated: Oct 13, 2020

  • 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

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