SBA’s Paycheck Protection Program Loan Review Processes
… Program (PPP) loans for eligibility and forgiveness. SBA’s online loan forgiveness platform used by lenders to submit … loans, totaling $66.4 billion, SBA did not meet the 90-day statutory requirement to remit forgiveness payments to lenders. SBA did not meet the 90-day requirement for 98.2 percent of loans over $2 million. …