New SBA PPP Forgiveness Portal Webinar
Register here: https://pxlme.me/PPPPortal2
Join us to learn more about the SBA’s New PPP Forgiveness Portal which was launched on Wednesday, August 4th. This portal allows businesses with Paycheck Protection Program (PPP) loans of $150,000 or less to submit simple forgiveness applications directly to SBA, as long as their specific lender participates in the portal. Over 600 banks have opted in, enabling over 2.17mm borrowers to apply through the portal — this represents 30% of loans $150,000 or less that have not yet submitted for forgiveness.
The webinar will review:
- Who is eligible to use the SBA PPP Direct Forgiveness Portal
- What information you will need
- How to create a login and apply for forgiveness
- Where to get help with your application
NOTE: all PPP borrowers are required to submit forgiveness applications within 10 months of the last day of your covered period in order to convert your loan to a grant that does not need to be paid back. For loans above $150,000, you will need to submit your forgiveness application directly to your bank lender.
We will host a Q&A session as time allows – feel free to submit your questions in advance when registering. If you are unable to attend the live webinar, please register to receive an email link to the recording.