The U.S. Small Business Administration (SBA) recently launched a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
If you have not already done so, we encourage you to apply for PPP forgiveness. We are near the time where payments will begin to be required. Over 600 banks have opted in to direct forgiveness, enabling over 2.17mm borrowers to apply through the portal.
Read here for additional information or click here to begin your application. Please feel free to contact us if you'd like to discuss this process further.
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