New PPP Direct Loan Forgiveness Portal

Al SchiebelUncategorized

The Direct Forgiveness Portal will allow borrowers with loans of $150,000 or less (through participating lenders) apply for forgiveness directly through the Small Business Association by submitting a simple, pre-filled application rather than applying through the lender. The Small Business Association estimates that over 6.5 million businesses have qualifying outstanding loans.

For more information, here is a short PDF explaining the program and portal. Please feel free to give Al a call if you have any questions about this or other benefits areas.