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Democrats push for easier PPP loan-forgiveness process

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U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC.

Kevin Dietsch | Getty Images

Senate Democrats want Treasury Secretary Steven Mnuchin and Small Business Administration head Jovita Carranza to simplify the process of applying for loan forgiveness as part of the Paycheck Protection Program. 

The senators urged a number of changes, including the creation of an easy-to-use form for smaller loans, a well-staffed hotline to offer help for those…



Source cnbc.com

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