SBA Releases EZ Application and Revises PPP Loan Forgiveness Application
SBA just released a new EZ version of the PPP loan forgiveness application, along with instructions. This revised application is due to the changes made by the PPP Flexibility Act. To see if you qualify for this EZ application see our blog post here.
Both applications give borrowers the option of using the original eight-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period.
*Please note that the revised guidance for loan forgiveness recently passed have not been released yet, but we will update you as we know more.