Skip to main content
Enter search terms below…

Member News

SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less



The U.S. Small Business Administration, in consultation with the Treasury Department, today 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.

“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 Treasury 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.”

SBA and Treasury have also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly.  

SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020.  SBA will continue to process all PPP forgiveness applications in an expeditious manner.

Click here to view the simpler loan forgiveness application.

Click here to view the instructions for completing the simpler loan forgiveness application.

Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

Four-day event to target different career and education opportunities LOUDONVILLE, NY – Siena College will host a Career Expo on four separate days throughout February, with a different career and education focus each day. “Siena’s career events are always highly successful and much-anticipated on our campus,” said Alicia Pepe, MBA, assistant…
Thanks to the steadfast and generous support of its clients and friends, The Wojeski Fund has exceeded a significant milestone in its efforts to brighten the holidays for local children in need. With fundraising just concluded, the fund raised $90,000 in 2022, including $13,500 in matching funds provided by Wojeski & Company CPAs, P.C. of…
The E. Stewart Jones Hacker Murphy law firm is pleased to announce that David I. Iversen, Esq. and Julie A. Nociolo, Esq. have been named Partners in the Firm. David practices predominantly in the fields of personal injury, medical malpractice and commercial litigation.  Julie's practice includes state and federal criminal defense as well as…
Feb
02
The Networking Lunch is a structured event, offered exclusively to Chamber members, providing a platform to expand your client base.  Registrations are…
Lunch and Networking
Feb
09
Membership has its privileges. Explore how to maximize business opportunities and benefits, as a Chamber member.  If you'd like to attend this event,…
Breakfast & Discussion
Mar
02
An exciting and informative conversation with Dr. Martin A. Schmidt, 19th President of RPI.   An armchair conversation led by E. Stewart Jones Jr., Esq.…
Breakfast & Conversation