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- Yes! The SBA is currently taking applications, however you must first apply to your lender. Check out our overview for an up-to-date list of PPP lenders accepting forgiveness applications.
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Can a PPP loan be forgiven?
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How do I get a paycheck protection program loan forgiveness?
Jul 20, 2023 · If you received a PPP loan, you may be able to apply for forgiveness. If this is granted, you won’t have to repay the loan. You should check if you are eligible for PPP forgiveness, and...
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. But...
Jul 28, 2021 · Published on July 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.
Jul 28, 2021 · In essence, forgiveness turns the loan into a grant.To qualify for forgiveness requires you to spend your PPP loan funds properly in a specific period of time, and then apply for forgiveness with your lender for loans of more than $150,000 and directly with your lender or through the online SBA PPP Direct Forgiveness portal for loans of $150,000...
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Oct 8, 2020 · Published on October 8, 2020. WASHINGTON — The U.S. Small Business Administration, in consultation with the Treasury Department, today released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.
May 27, 2020 · Here’s what’s new: Extension of the forgiveness period: Originally the forgiveness window was eight weeks, but under the PPP Flexibility Act, the forgiveness window is extended to 24 weeks (168 days). If you received your PPP loan prior to June 5, 2020, you can still choose to use the eight-week forgiveness window.
PPP Loan Forgiveness Application Form 3508EZ Revised January 19, 2021. ☐ First Draw PPP Loan ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: ________________________ Lender PPP Loan Number: __________________________ PPP Loan Amount: _____________________________ PPP Loan Disbursement Date: ________________________
