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The Small Business Association (SBA) and U.S. Treasury Department recently released a major update regarding PPP loan forgiveness and is now offering automatic loan forgiveness for certain borrowers and is providing an easier, streamlined Forgiveness Application.

And, if you were considering applying for a PPP loan, it’s not too late, but you need to act soon. The current funding cycle expires on June 30. You can read more details about the updates and how you can still apply in NAR’s news release here.