PPP2 Loan Forgiveness Portal

After the confusion of the first Paycheck Protection Program (PPP) Loan Forgiveness process, there is hope! The Small Business Administration (SBA) announced a new portal for borrowers of $150,000 or less in the second round of PPP loans which allows borrowers to apply directly to the SBA for forgiveness. Lenders must opt-in for borrowers to be able to take advantage of this new option.

The new platform will begin accepting applications on August 4th, 2021. There will also be a new SBA customer service team dedicated to assist borrowers with the new forgiveness process.

We can help! Contact us to talk more about PPP2 loan forgiveness and how we can help your business thrive!