COVID-19 Update: SBA Released Streamlined Application for Some PPP Borrowers

Posted By: Jon Patterson, CPA, CVA   On October 8,2020, following requests by many businesses and lenders across the country, the Small Business Administration released a streamlined application for Paycheck Protection Program (PPP) borrowers who borrowed $50,000 or less (affiliate groups are excluded). The application, Form 3508S. Although Form 3508S is a shorter form, it is not an automatic approval … Continued