Reeder & Associates, PA






Updated on October 9, 2020

PPP Loans < $50,000 – Simplified Forgiveness


Recipients of Paycheck Protection Program (PPP) loans of $50,000 or less will be able to apply for forgiveness using a simplified application that was released October 9, 2020 by Treasury and the U.S. Small Business Administration (SBA).

Under the IFR, PPP borrowers of $50,000 or less are exempted from any reductions in forgiveness based on:

  • Reductions in full-time-equivalent (FTE) employees; and
  • Reductions in employee salary or wages.




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