SBA Announces Opening of PPP Direct Forgiveness Portal

The U.S. Small Business Administration (SBA) has announced the opening of a new direct forgiveness portal for Paycheck Protection Program (PPP) loans. This portal will streamline the loan forgiveness process for businesses with loans under $150,000-- a total of over 6.5 million businesses in the United States.

The portal is set to begin accepting applications on August 4, 2021. Additionally, the SBA has set up a dedicated helpline to directly assist borrowers with their forgiveness applications.

To access the forgiveness portal and additional PPP resources, visit the SBA website here.