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PPP: Simplified forgiveness for the smallest loans

Paycheck Protection Program

The Wisconsin District of the Small Business Administration sent a helpful newsletter breaking down the Five Things to Know about Paycheck Protection Loan Forgiveness.

One of those “things” is that two-thirds of Wisconsin PPP borrowers are eligible for a simplified loan forgiveness application that can take as little as 15 minutes.

That’s why it’s good to know that the SBDC at UW-La Crosse is offering a free webinar called Paycheck Protection Program (PPP): Loan Forgiveness for Loans $50,000 and Less on Dec. 10.

Participants will have the opportunity to work with Anne Hlavacka and Mike Walker to review the form and to understand how to calculate the loan forgiveness amount as well as backup documentation and other potential considerations for loan forgiveness.

NEW: The Wisconsin SBA has added three webinars in December and January on forgiveness: Dec. 15, Jan. 6 and Jan. 20.

And UW-Madison Division of Extension is offering “What Farmers Need to know about PPP Loan Forgiveness” on Dec. 11.

If you still have questions:

— We’ve anchored “all things PPP” on our COVID-19 page for handy reference.

— Or you can contact us for no-cost, virtual consulting.