August 2021
To streamline Paycheck Protection Program (PPP) loan forgiveness applications from small borrowers, the U.S. Small Business Administration (SBA) has launched a direct forgiveness portal.
The intent of the portal is to help PPP borrowers move quickly through the loan forgiveness process so that they can focus on operating and growing their businesses. The portal provides easy access to direct loan forgiveness through the SBA to the more than 6.5 million small business borrowers with PPP loans of $150,000 or less.
