SBA, Treasury announce simpler PPP forgiveness for loans of $50,000 or less

Small-business owners who took out Paycheck Protection Program loans of $50,000 or less will have a simpler process to follow to seek loan forgiveness, federal officials announced late Thursday. The Small Business Administration and the Treasury Department announced the long-anticipated move in Washington, D.C., as they released a new application that some PPP recipients can use starting immediately. The emergency loan program was established earlier this year to help business owners through the…