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How do I get a paycheck protection program loan forgiveness?
Can I get a PPP loan forgiveness?
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What is the SBA PPP loan forgiveness portal?
Mar 13, 2024 · Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content. Where to apply for loan forgiveness. Effective March 13, 2024, all borrowers, regardless of loan size, can use SBA's direct forgiveness portal . Applying for forgiveness using the portal can take as little as 15 minutes.
- SBA Direct Forgiveness Portal
After registration, you may use this streamlined process to...
- SBA Form 3508S
Notice: The Paycheck Protection Program (PPP) ended on May...
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- First Draw PPP Loan
PPP is a loan designed to provide a direct incentive for...
- Get Help With Your PPP Loan
SBA has 68 District Offices around the country that provide...
- PPP Lender Information
On February 22, 2021, President Biden announced the...
- PPP Lenders Participating in Direct Forgiveness
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- SBA Direct Forgiveness Portal
Jul 28, 2021 · WASHINGTON – The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
May 18, 2023 · The purpose of this Notice is to provide guidance for the reporting of partially and fully forgiven Paycheck Protection Program (PPP) loans. This Notice supersedes SBA Procedural Notice 5000-846398. Download .pdf.
You can apply for PPP loan forgiveness up until the date your loan matures: Two years for loans originated before June 5, 2020, and five years for loans issued after that date.
How does a business get its PPP loan forgiven? Borrowers qualify for loan forgiveness if they use at least 60% of the funds for payroll costs between 8 and 24 weeks after the loan disbursement date. A loan forgiveness application must be submitted before the maturity date of the loan, which is either two
You (the Borrower) can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508EZ if your PPP loan amount is more than $150,000 and you can check at least one of the two boxes below.
To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete their application electronically through their Lender.
