Paycheck Protection Program (PPP) loan borrowers who received PPP loans of $150,000 or less can apply for forgiveness through the U.S. Small Business Administration (SBA) PPP Direct Forgiveness Portal.
The streamlined application portal intends to simplify PPP loan forgiveness for the smallest businesses still waiting on forgiveness. After businesses apply for forgiveness through the portal, lenders can review applications and issue decisions within the same platform.
Some lenders (mainly those who have created their own portal) have opted not to participate in the SBA’s Direct Forgiveness Portal. Borrowers can check to see if their lender has opted in to use the Direct Forgiveness Portal on this list provided by the SBA.
Contact Us for Assistance
If you have any questions related to loan forgiveness under the Paycheck Protection Program, please contact your Hoffman Group representative.