Treasury and SBA announced a new forgiveness application for PPP loans of $50,000 or smaller– the smallest of the PPP loans. Under this new application, borrowers will need to certify that they used their loan funds in compliance with federal law and regulation but do not need to submit detailed data on how the loan funds were used. Loans of larger amounts still need to be processed through the regular or EZ application forms, both of which require reporting of how loan funds were used. To view the simpler loan forgiveness application along with instructions, please see more here.

Questions?

Contact:

David Carter | Director, Health Care Finance & Policy

C 360.888.5702