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PPP Loan Forgiveness Update: SBA and Treasury Announce Simpler PPP Forgiveness Process for Loans of $50,000 or Less

On Friday, October 9th the U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This comes as welcome news for America’s smallest businesses,…