Good News if Your PPP Loan is $150,000 or Less

You may be nearing the end of your covered period where you are considering applying for PPP forgiveness. As you likely know by now, the Paycheck Protection Program (PPP) loan and its forgiveness process have been an ever-changing (and often confusing) ride so far.

Simplified forgiveness

Borrowers that receive a PPP loan of $150,000 or less shall receive forgiveness if the borrower signs and submits to the lender a certification that is not more than one page in length. Borrowers can check the SBA or lender’s website for more information.

Considering applying for PPP forgiveness, we can assist you in filing your application. The above information is for illustrative purposes and should not be relied on for your specific tax situation without consultation.