SBA Launches New PPP Loan Forgiveness Portal

The Small Business Administration (SBA) has launched its streamlined Paycheck Protection Program (PPP) loan forgiveness portal. According to the SBA’s news release, the portal will allow small-business owners with PPP loans of $150,000 or less to apply for forgiveness directly with the SBA. The new platform will begin accepting applications from borrowers on Aug. 4. 7/29/2021