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Status update – PPP Direct Borrower Forgiveness Portal

In the SBA Release Number: 21-72 issued on 8/18/2021, the SBA mentioned that in the last two week the PPP Direct Borrower Forgiveness Portal accepted more than 340K submissions. This might be an excellent tool for some lenders that are not processing on time some of the PPP forgiveness applications if they signed up for

By |2021-08-19T09:54:42+00:00August 19th, 2021|Categories: Business|Tags: , , , , , , |

PPP forgiveness streamlined – Direct forgiveness option and Covid Revenue reduction score for 2nd round

The U.S. Small Business Administration (SBA) published new guidance in mid July 2021 designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less. The $150k forgiveness application is just a one page attestation with no payroll (or other) support required. The SBA

By |2021-08-13T19:16:46+00:00August 13th, 2021|Categories: Business|Tags: , , , , , , , , |
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