Today @SBAgov and @USTreasury released updated Loan Forgiveness Applications for the #PaycheckProtection Program, including an EZ version.
The #PaycheckProtection program EZ Loan Forgiveness Application applies to borrowers that:
🔘 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
🔘 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 #COVID19, and did not reduce the salaries or wages of their employees by more than 25%.
The #PaycheckProtection program EZ Loan Forgiveness Application is available here: content.sba.gov/sites/default/…
For borrowers who do not meet that criteria, the revised version of the full #PaycheckProtection program Loan Forgiveness Application is available here: sba.gov/sites/default/…
Both apps give #PaycheckProtection program borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. Click here for Instructions and more information 🔽 sba.gov/funding-progra…
