Yesterday, the U.S. Small Business Administration (SBA) announced its plan to launch a streamlined application portal for Paycheck Protection Program (PPP) borrowers with loans of $150,000 or less to apply for loan forgiveness directly through the SBA. The new portal is sure to make the forgiveness process for smaller loans easier and will start accepting borrowers’ applications beginning Aug. 4, 2021.
On top of the new online platform, the SBA is assembling a PPP-specific customer service team to assist with concerns and directly help borrowers with their forgiveness applications. PPP borrowers who have questions or need assistance can call (877) 552-2692 Monday through Friday, from 8 a.m.-8 p.m. EST.
If you need further assistance in applying for loan forgiveness, Doeren Mayhew’s PPP advisors stand ready to help – contact us today.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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