As the USFWC continues to support the worker co-op community through the COVID-19 crisis, we are keeping tabs on developments from the Small Business Administration (SBA) regarding its programs to provide relief to business owners.
The SBA & Treasury just announced simpler PPP forgiveness applications for loans less than $50,000. The goal of the new application is to streamline the PPP process and allow lenders to process forgiveness more quickly.
Click the corresponding links for details:
Here is an article from Forbes Magazine that walks through the changes in plain English.
You should also check out this blog from Wegner CPAs about recent PPP updates
Reach out to the USFWC with questions at covid19@usworker.coop, and let us know what supports you need to help your business as you navigate pandemic recovery.
Click here for the full PPP FAQ for Lenders & Borrowers.
