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SBA Launches PPP Direct Forgiveness Portal for Small Businesses

SBA Launches PPP Direct Forgiveness Portal for Small Businesses

The U.S. Small Business Administration (SBA) announced that it will accept applications for its new Paycheck Protection Program (PPP) loan forgiveness portal beginning August 4, 2021. The portal is designed to simplify the loan forgiveness process by allowing borrowers of $150,…

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SBA Discontinues PPP Loan Necessity Questionnaires

SBA Discontinues PPP Loan Necessity Questionnaires

The Small Business Administration (SBA) has discontinued use of the Loan Necessity Questionnaires, which were required for Paycheck Protection Program (PPP) loans of $2 million or more. The SBA will no longer request Form 3509 for for-profit borrowers or Form 3510 for not-for-…

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