News

SBA Preps New PPP Forgiveness Portal

Order Reprints
loan

July 20, 2021—Small business owners who received PPP funding may have a new way to apply for loan forgiveness, Cleveland.com reported.


The Small Business Administration is working on a new loan forgiveness portal that would allow small business owners to apply for the forgiveness directly instead of through their lender. 


The portal is designed to help small business owners deal with a non-responsive lender.


“The SBA is looking to launch their own portal,” Erik Asgeirsson, president and CEO of the Association of International Certified Professional Accountants, said in a recent online town hall. “It seems like they are going to have a direct forgiveness tool, and that’s what I would expect if the lender is no longer in existence — that would be a great option.”

Related Articles

SBA Opens PPP Loan Forgiveness Portal

SBA Provides Applications for PPP Loan Forgiveness

SBA Mistakenly Gave Away $692M In Duplicate PPP Loans

You must login or register in order to post a comment.