Do You Qualify For The EZ Form?
If one of the following scenarios applies to you, then you can submit the PPP EZ forgiveness application:
- You are self-employed with no employees
- You did not reduce your employees hours or reduce salaries by more than 25% (in the period the loan was used)
- Your business experienced a decrease in business due to COVID-19 and did not reduce employee salaries by more than 25% (in the period the loan was used)
Are You Still Considering Applying For A PPP Loan?
Keep in mind that the deadline to apply for a PPP loan is June 30th, although some lenders have already stopped accepting applications. Also, there is still about $100 billion left in the PPP fund.
Find the EZ form insturctions here.
Additionally, learn more about the EZ form from David Rae.
Lastly, you can learn more about our services here!