
Update on SBA Loan Forgiveness
July 28, 2021 5:59 pmLater this week, the SBA will push to accelerate the end of the PPP by making it easier for businesses to get their loans forgiven by launching a loan forgiveness portal.
Later this week, the SBA will push to accelerate the end of the PPP by making it easier for businesses to get their loans forgiven by launching a loan forgiveness portal.
On June 1, SBA Administrator Isabel Guzman issued a statement on the closure of the PPP to new loan guaranty applications.
The SBA announced yesterday that the PPP has run out of money, weeks ahead of its expiration date at the end of May, underscoring the ongoing need for the program.
SBA is warning policymakers that funds for the PPP are likely to dry up in April, weeks before the May 31 deadline.
Today, March 30, President Joe Biden signed legislation delaying the Paycheck Protection Program (PPP) deadline to May 31.
Senate voted 92-7 in favor of legislation delaying the Paycheck Protection Program (PPP) deadline to May 31 from March 31.
NSBA is calling on all small businesses to contact their Senators and urge support of a clean bill to extend PPP.
Legislation to extend the PPP through May 31 continues to gain traction in the Senate.
On Monday, the Biden Administration announced forthcoming changes to the PPP which could greatly help the smallest businesses and sole-proprietors.
On Tuesday, Jan. 26, the U.S. Small Business Administration (SBA) responded to delays lenders have experienced under the new round of the Paycheck Protection Program.