The U.S. Small Business Administration, in consultation with the Treasury Department, has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

The original PPP Forgiveness Application and an EZ Forgiveness application are also available for borrowers. Visit www.sba.gov/paycheckprotection to download these applications. Join us for this webinar as we explain the difference between the applications, discuss which might be right for you, and answer your questions.

Please note the Paycheck Protection Program is not currently accepting new applications. This event is aimed at borrowers with questions about the loan forgiveness process.

This broadcast will be conducted through Microsoft Teams. There is no phone number to dial in - you must join online. You can download the Microsoft Teams app or go through a browser. Safari is not supported. Email illinois (dot) do (at) sba (dot) gov with questions.