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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.
Apr 15, 2024 · SBA is working to streamline the PPP forgiveness application process. Beginning in March 2024, all borrowers applying for forgiveness can use SBA's Direct Forgiveness Portal (DFP). This will ensure a more accessible process for borrowers, no matter loan size. All lenders will be required to decision forgiveness applications received through the ...
SBA Form 3508S. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. A borrower may use this form only if the borrower received a PPP loan of $150,000 or less. Download .pdf.
Jul 29, 2021 · FAQ for borrowers and lenders participating in the Paycheck Protection Program. Updated 06-13-23. Notice: translations of this document are current as of version 10, dated 07-29-21. Download .pdf. File size: 448KB.
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and
MySBALoan Portal. MySBA. Loan Portal. A Web-based platform where SBA borrowers can view loan details, make payments, and access statements for COVID-19 EIDL, Disaster, or SBA-serviced 7 (a) loans. Register for MySBA.
Data on achieving equity. SBA is working to ensure fair and equitable access to its programs and will soon provide additional reporting on how the Agency is working to meet these goals. Demographic information is provided voluntarily by borrowers to their lenders. SBA COVID-19 Relief Programs Report. Fact Sheet: Changes to Paycheck Protection ...
