PPP Direct Forgiveness Trainings - in case you did not receive from PPP Platform

Virginia District Office  - July 26, 2021

u s small business administration
paycheck protection program, PPP

PPP Direct Forgiveness Trainings

 

The following message was sent to PPP Lenders from the PPP Platform on July 23, 2021.  We are forwarding in case you did not receive it.

Lenders:

SBA has observed tremendous interest in the Direct Forgiveness offering.  As the agency prepares to publish the final rules and related guidance, we offer a few proactive reminders:

    • Lenders can request additional information from Patrick.kelley@sba.gov to address comments/questions/concerns.
    • Electing to participate in this program still allows borrowers to engage directly with you and your current forgiveness or technology flow.  This offering can be operated as a complimentary channel to address those borrowers who may prefer to engage with the SBA public option. For example, lenders can identify segments of their borrowers under $150,000 that they wish to assist and identify another segment that they wish the SBA to assist under $150,000.
    • The customer service team operated by the SBA will only be available to Lenders who opt into the platform.  We anticipate this team to be a valuable resource for the most commonly asked questions related to the 3508s.
    • SBA will be supporting a national media push to educate the industry on this public option.  We anticipate the Press Release, educational webinars and borrower engagement to begin following the formal release of the IFR.
    • We are holding 3 training and educational sessions for next week – please register using one of the below links:

 

This message was initiated and approved for release by the Office of Capital Access Senior Executive Directors and the AA/OCA.