Aug. 3: PPP Loan Forgiveness Training for Borrowers

Columbus District Office

u s small business administration
Paycheck Protection Program Forgiveness Portal


Paycheck Protection Program
Direct Forgiveness Training
for Borrowers

Date: Tuesday, Aug. 3

Time: 12 - 1 p.m. ET

Format: Webinar

Description: Join officials from the U.S. Small Business Administration for Paycheck Protection Program (PPP) Direct Forgiveness training for borrowers with any PPP loan of $150K or less, Tuesday, Aug. 3, from 12 to 1 p.m.

The new forgiveness platform will begin accepting applications from borrowers on Wednesday, Aug. 4, 2021.

REGISTER HERE 

*Important information about the opening of the platform below.



SBA Announces Opening of
Paycheck Protection Program
Direct Forgiveness Portal

New portal will streamline applications for loans $150K or less for over 6.5 million businesses

The  U.S. Small Business Administration (SBA) is launching 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.  

“The SBA’s new streamlined application portal will simplify forgiveness for millions of our smallest businesses -- including many sole proprietors -- who used funds from our Paycheck Protection Program loans to survive the pandemic,” said Administrator Isabel Casillas Guzman. “The vast majority of businesses waiting for forgiveness have loans under $150,000. These entrepreneurs are busy running their businesses and are challenged by an overly complicated forgiveness process. We need to deliver forgiveness more efficiently so they can get back to enlivening our Main Streets, sustaining our neighborhoods and fueling our nation’s economy.”

This new change will help rush relief to over 6.5 million smallest of small businesses which has been the Administrator’s priority since day one. The new forgiveness platform will begin accepting applications from borrowers on August 4th, 2021.  Lenders are required to opt-in to this program through https://directforgiveness.sba.gov.

In addition to the technology platform, the SBA is standing up a PPP customer service team to answer questions and directly assist borrowers with their forgiveness applications.  Borrowers that need assistance or have questions should call (877) 552-2692, Monday – Friday, 8 a.m. - 8 p.m. EST.

READ MORE



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For more on COVID-19 relief programs available through the SBA, visit www.sba.gov/relief.

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