The Small Business Administration has introduced a third forgiveness application to the Paycheck Protection Program. Late in the day on October 8th, the SBA released Form 3508S, which is an application suitable for small businesses with PPP Loans of not more than $50,000.
Clint Brunson, CPA, Supervising Senior, Assurance Services

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Small businesses have a new loan forgiveness option
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Clint Brunson, CPA, Supervising Senior, Assurance Services on Oct 16, 2020
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Topics: PPP Loan
PPP loans and ownership changes
Posted by
Clint Brunson, CPA, Supervising Senior, Assurance Services on Oct 16, 2020
The Paycheck Protection Program has provided crucial relief to small businesses affected by the COVID-19 pandemic. While the Program provided timely relief to businesses across the country, the swift implementation of such comprehensive legislation has left some business owners with unanswered questions.
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Topics: PPP Loan