SBA opens Paycheck Protection Program Direct Forgiveness Portal

New portal will streamline applications for loans $150K or less for over 6.5 million businesses


Last updated 8/5/2021 at 7:40am

WASHINGTON — The  U.S. Small Business Administration launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.

“The SBA’s new streamlined application portal will simplify forgiveness for millions of our smallest businesses — including many sole proprietors — who used funds from our Paycheck Protection Program loans to survive the pandemic,” Administrator Isabel Casillas Guzman said. “The vast majority of businesses waiting for forgive...

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