PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS

The Small Business Administration announced this week that it’s launching a web portal that will allow borrowers with Paycheck Protection Program loans of $150,000 or less to apply for forgiveness directly through the SBA. This is big news for the more than 6.5 million of the smallest employers that have accessed the program as it will fast-track relief for them. More details on the portal are available here.