The Small Business Administration and the Treasury have made adjustments to make it easier to apply for PPP forgiveness if your loan was for less than $50,000. Not only is the process now more simple for borrowers, but also for lenders. The new approach lifts burdens from lenders. Therefore, the process should be more streamlined and allow lenders to process forgiveness requests more quickly.
Check out 6 more things you should know about the PPP.