SBA portal for PPP forgiveness
The U.S. Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
This new change will help rush relief to over 6.5 million smallest of small businesses nationally, which has been the priority of SBA Administrator Isabel Guzman 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://forgiveness.sba.gov/
The St Louis District Office will hold a Paycheck Protection Program Forgiveness Webinar for Borrowers on Wednesday August 4 at 9:00.
Link to join:
St Louis District Office
U.S. Small Business Administration
1222 Spruce Street, Suite 10.103
St Louis MO 63103