On June 5, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act (PPPFA) of 2020, which provides more flexibility for participants in the PPP program, including allowing those participants to defer the payment of certain payroll taxes that the CARES Act prevented them from deferring. The PPP is a provision included in the CARES Act that authorizes a certain amount of forgivable loans to small businesses to pay their employees during the COVID-19 pandemic. The SBA recently released a simplified version of the application, Form 3508EZ. Read the application instructions below to see if you qualify and click the link above to download the form.

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