Tag: federal loan forgiveness program small business

  • Federal Loan Forgiveness Program

    Federal Loan Forgiveness Program

    The U.S. Small Business Administration issued a one-page application form that aims to simplify the process of applying to forgive Paycheck Protection Program loans, along with newly revised and updated forms to conform to the requirements of the most recent stimulus legislation.  The COVID-19 aid package Congress passed last month revived the PPP with $284 billion in funding for small businesses seeking forgivable loans to help them cope with the economic fallout from the coronavirus pandemic. It also … Read more

  • Fed Loan Forgiveness Program

    Fed Loan Forgiveness Program

    The U.S. Small Business Administration has released a form of one page that simplifies the application for the cancellation of Paycheck Protection Program loans. The form also contains newly updated forms that are in line with the latest stimulus legislation.  Congress approved the COVID-19 relief package last month that provided $284 billion of funding to small businesses in need of loans. This money was used to reduce the economic burden of the coronavirus pandemic. The legislation required that the … Read more