SBA Issues New Loan Forgiveness Rules & Application for Small Borrowers
SBA ISSUES NEW LOAN FORGIVENESS RULES AND APPLICATION FOR SMALL BORROWERS In an effort to simplify the loan forgiveness process for small business owners, the Small Business Administration (“SBA”) has adopted de minimis exceptions to the loan forgiveness reduction rules for Paycheck Protection Act loans of $50,000 or less. The SBA has adopted a new […]