PPP Direct Forgiveness Training For Borrowers!

Rhode Island District Office - August 9, 2021

u s small business administration

PPP Borrowers Can Now Apply for Forgiveness Directly Through the SBA

Illustration of a laptop with text that includes, PPP Forgiveness Portal

As of August 4, 2021, the SBA has made it possible for Paycheck Protection Program (PPP) borrowers that have loans of $150,000 or less to apply for loan forgiveness directly with the SBA.  In order to be able to do this, your PPP lender needs to have opted into the direct borrower forgiveness process.  If your lender has done so, you have received a notice from SBA and potentially from your lender as well, notifying you that you are eligible use this process.

If you received at least one PPP loan of $150,000 or less from one of the lenders listed below, please join our office on Wednesday, August 11th from 2:00-3:00p,  and Friday, August 13th from 9:00-10:00am to get trained on the new direct forgiveness process.

Lenders that have opted in for PPP loans in RI*:  A10 Capital, American Lending Center, Amur Equipment Finance, Inc., BayCoast Bank, Benworth Capital, Capital Plus Financial, Chelsea Groton Bank, Fountainhead SBF, Harvest Small Business Finance, Leader Bank, Pawtucket Credit Union, Peoples Credit Union, Prestamos CDFI, Quontic Bank, Taunton Federal Credit Union, Texas National Bank

SBA staff will walk you through the direct forgiveness process and answer any questions you may have.  Don't miss this opportunity to find out just how easy it is for you to apply for PPP loan forgiveness directly through the SBA!

*Please note that there are other lenders who have opted in not listed above that made only a couple of PPP loans in RI.  If your lender or the SBA contacted you saying you are eligible to use this process, then be sure to join us!

Register for Wednesday, August 11th, 2:00-3:00pm

Register for Friday, August 13th, 9:00-10:00am