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1. www.sba.gov › sites › defaultPaycheck Protection Program (PPP) Loans FAQ

   www.sba.gov › sites › default

   The Paycheck Protection Program Flexibility Act of 2020, which became law on June 5, 2020, extended the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement, providing substantially greater flexibility for borrowers to qualify for loan forgiveness.

2. www.sba.gov › about-sba › open-governmentSBA account login and registration portals | U.S. Small ...

   www.sba.gov › about-sba › open-government

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   May 15, 2024 · Borrowers applying for SBA disaster loans can use the MySBA Loan Portal (lending.sba.gov) to apply and check the status of their application. Existing borrowers can use the MySBA Loan Portal to make payments and view loan documents on the following loan types: For other SBA loans, you can continue to set up and manage online payments at Pay.gov.

3. www.sba.gov › article › 2021SBA Announces Opening of Paycheck Protection Program Direct ...

   www.sba.gov › article › 2021

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   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.

4. www.sba.gov › sites › defaultPaycheck Protection Program: Second Draw Borrower Application ...

   www.sba.gov › sites › default

   PPP First Draw SBA Loan Number: Reduction in Gross Receipts of at Least 25% (Applicants for loans of $150,000 or less may leave blank but must provide upon or before seeking loan forgiveness or upon SBA request): 2020 Quarter (e.g., 2Q 2020) : Gross Receipts: $ Reference Quarter (e.g., 2Q 2019): Gross Receipts $ Applicant Ownership

5. www.sba.gov › sites › defaultFrequently Asked Questions (FAQs) on PPP Loan Forgiveness

   www.sba.gov › sites › default

   1 The Covered Period is either (1) the 24-week (168-day) period beginning on the PPP loan disbursement date, or. (2) if the borrower received its PPP loan before June 5, 2020, the borrower may elect to use an eight-week (56-day) Covered Period. For example, if the borrower is using a 24-week Covered Period and received its PPP loan proceeds on ...

6. www.sba.gov › article › 2021SBA Announces Updated Guidance Regarding Applicant Deadlines ...

   www.sba.gov › article › 2021

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   Nov 19, 2021 · Directed by Administrator Guzman to swiftly and drastically enhance COVID EIDL, the revamped management team implemented new processes and performance management such as prioritizing personnel for COVID EIDL and increasing the average number of application decisions made. The SBA accelerated daily processing of loan increases from close to ...

7. www.sba.gov › document › report-22-09-sbas-paycheckSBA’s Paycheck Protection Program Loan Review Processes

   www.sba.gov › document › report-22-09-sbas-paycheck

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   Feb 28, 2022 · Borrowers who fraudulently obtained a PPP loan are unlikely to apply for loan forgiveness. We identified 1.9 million loans totaling $177.3 billion with no forgiveness application as of May 2021. We recommended that SBA develop a plan to ensure remaining forgiveness reviews and remittances are completed within 90 days as required by the ...