The EZ PPP Loan Forgiveness Application requires fewer calculations and less documentation than the full application.
The EZ application can be used by borrowers that:
Are self-employed and have no employees;
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%.
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