Paycheck Protection Program Updates
We draw your attention to a couple recent developments regarding Paycheck Protection Program (PPP) Loans:
On June 25th, 2020 The SBA updated the Paycheck Protection Program's FAQ. The link can be found here: https://www.sba.gov/sites/default/files/2020-06/Paycheck-Protection-Program-Frequently-Asked-Questions%20062520-508.pdf
On June 16th, 2020 The SBA issued an updated forgiveness application, which can be found here: https://www.sba.gov/document/sba-form--paycheck-protection-program-loan-forgiveness-application.
Or you have the option of using the “E-Z forgiveness application", which can be found here: https://www.sba.gov/document/sba-form--paycheck-protection-program-ez-loan-forgiveness-application-instructions-borrowers-6-16-2020. **You can use the E-Z form if you were self-employed and had no employees when you applied, or you can certify that you have not reduced your employees. Click on the link for more details on those requirements.