PPP Update #23 – New Portal Links PPP Borrowers Directly with SBA for Loan Forgiveness

Diane DeCesare of Drucker & Scaccetti is a member of XPX Philadelphia
Drucker & Scaccetti


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From the beginning, the Small Business Administration (SBA) has struggled with making the Paycheck Protection Program (PPP) process easy for borrowers to navigate. One confusing question has been do businesses work through the SBA or through their lender to secure forgiveness? A new portal launched on August 4th by the SBA targets borrowers with loans up to $150,000 and allows them to apply for forgiveness directly with SBA, hopefully ending some of the confusion and simplifying the process.

Click here to continue reading.

Updated: September 4th, 2021