Last week, the SBA and Treasury Department released a more streamlined process for PPP loan forgiveness applicants of $50k or less, further helping small businesses recover from lost business due to COVID-19 shutdowns and restrictions. On behalf of the Treasury Department, Secretary Steven T. Mnuchin stated, “We are committed to making the PPP forgiveness process as simple as possible while also protecting against fraud and misuse of funds. We continue to favor additional legislation to further simplify the forgiveness process.”