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How do I know if the EZ form is right for me?

The EZ application requires fewer calculations and less documentation for eligible borrowers. The new EZ version of the forgiveness application that applies to borrowers that:

  • Are a sole proprietor, self employed, independent contractor, have no additional employees, other than yourself; 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 or guidance related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.