SBA Announces New PPP Forgiveness Application, Including a PPP EZ Forgiveness Application

June 2020

The U.S. Small Business Administration (“SBA”) and the U.S. Department of Treasury (“Treasury”) announced a borrower-friendly Paycheck Protection Program (“PPP”) Forgiveness Application and a PPP Loan EZ Forgiveness Application.

This takes the original eleven-page PPP Loan Forgiveness Application issued on May 15, 2020, down to five pages and the application now addresses the new rules established by the Paycheck Protection Program Flexibility Act (PPPFA), including the 24-week forgiveness covered period, the 60% payroll cost requirement, and the full-time equivalent employee (FTE) reduction safe harbors.The EZ Forgiveness Application is only three pages. However, the new EZ Forgiveness Application does not apply to all borrowers. Only borrowers who meet the below criteria will be able to use the EZ Forgiveness Application:

  • Are self-employed and have no employees; or
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; or
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

A link to the SBA PPP Loan EZ Forgiveness Application can be found here. PPP borrowers who do not meet the above criteria will need to complete the original or revised PPP Loan Forgiveness Application. The revised five-page application can be found here.

If you have questions about whether or not you are able to utilize the PPP Loan EZ Forgiveness Application or you have questions about the original PPP Loan Forgiveness Application, our PPP Loan Application and Audit Team can help.

Please contact Jim Seifert at, Bob Fafinski at, Nate Brandenburg at, or Jordanne Kissner at