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4 days ago · For loans over $200,000, borrowers should contact the COVID EIDL Servicing Center directly at covideidlservicing@sba.gov to discuss hardship assistance. SBA is here to help PPP: If borrowers need additional assistance with their PPP direct forgiveness application, they can contact SBA at 877-552-2692 (Monday-Friday, 8 a.m.-8 p.m. EDT).
May 1, 2024 · Sign into the bank PPP portal and complete their online form or import your signed SBA forgiveness application. Upload all documentations required by your lender. For PPP loans over $150,000, the borrower must submit the forgiveness application for a Second Draw PPP Loan after or simultaneously with the forgiveness application of the First Draw ...
May 7, 2024 · In this interim final rule, SBA implemented a direct borrower forgiveness process to provide PPP lenders with the technology platform to allow their borrowers to apply for loan forgiveness for loans of $150,000 or less directly to the SBA through the new portal that launched August 4, 2021.
- Patricia O'connell
5 days ago · How to fill out an SBA loan forgiveness application. Small businesses that received a loan through the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) can apply for loan forgiveness using one of three forms.
May 3, 2024 · The changes “allow all PPP borrowers to apply for loan forgiveness through the SBA PPP Direct Forgiveness Portal, regardless of their loan size or Lender.” It also requires all lenders to process forgiveness applications
- America's Credit Unions
May 12, 2024 · Contact a K·Coe advisor with questions regarding the PPP loan forgiveness application, record-keeping, or calculations under the SBA’s guidance.
May 9, 2024 · When the COVID-19 pandemic wreaked havoc on small businesses, the U.S. government stepped in to offer some relief in the form of SBA PPP (Paycheck Protection Program) loans.
