SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal
… a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less … the SBA and lenders have worked to originate over 11.7 million loans totaling nearly $800 billion in relief to … went to businesses in LMI communities (compared to just 24% in 2020) Direct Forgiveness Summary Over 600 banks have …