In the first two weeks, the Small Business Administration’s (SBA) PPP loan forgiveness tool has accepted more than 340,000 submissions. And the SBA says the response has surpassed expectations. Are you one of the 340K small businesses that used the PPP loan forgiveness portal? If so, kudos for taking advantage of the simplified tool to get your PPP loan forgiven.
The streamlined PPP loan forgiveness process is specifically designed to address small businesses with loans under $150,000. With this platform, businesses with these loan amounts can submit a request for loan forgiveness directly to their lender from the Direct Forgiveness SBA website.