OMA Urges Simplified, Streamlined PPP Process

Last week, the OMA joined the Ohio Bankers League and other Ohio business organizations, urging U.S. Treasury Secretary Steven Mnuchin and the U.S. Small Business Administration to streamline and simplify the process for recipients of small business loans made under the Paycheck Protection Program (PPP). Specifically, the group recommend that Treasury and SBA create a streamlined forgiveness application for loans under $350,000. 6/1/2020