PPP Forgiveness Webinar Tuesdays & Thursdays
The SBA Vermont District Office hosts a free webinar from 11:30 a.m. to 12:30 p.m. Tuesdays and Thursdays to discuss Paycheck Protection Program forgiveness and other changes.
To streamline the PPP forgiveness process, a simpler forgiveness application for loans of $50,000 or less was recently released. More than 8,000 Vermont small businesses are eligible to use the new simpler form.
To access the PPP Loan Forgiveness Application Form 3508S, click here.
To join the webinar, visit https://meet.lync.com/sba123/sbmazza/SFFM2N9R.
To join by phone, call (202) 765-1264 and when prompted enter the code 237511921#. Upon joining the call, mute the phone to cut down on the background noise and please do not place the call on hold as the hold music will be heard over the presenter.
For more information, email [email protected].
Simpler PPP Forgiveness for $50K Loans or Less
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 action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. More than 8,000 Vermont small businesses are eligible to use the new simpler form.
“The PPP has provided 5.2 million loans worth $525 billion to American small businesses, providing critical economic relief and supporting more than 51 million jobs,” said Secretary Steven T. Mnuchin. “Today’s action streamlines the forgiveness process for PPP borrowers with loans of $50,000 or less and thousands of PPP lenders who worked around the clock to process loans quickly,” he continued. “We are committed to making the PPP forgiveness process as simple as possible while also protecting against fraud and misuse of funds. We continue to favor additional legislation to further simplify the forgiveness process.”