Tag Archives: PPPloan forgiveness

In efforts to streamline Paycheck Protection Program loan forgiveness, the Small Business Administration (SBA) has created a new portal allowing borrowers to apply for forgiveness directly through the SBA. The new forgiveness platform, which will go live on August 4, was created to help small businesses get relief as fast as possible. The portal can be used by any business ...

PPP loans provided a major relief to small businesses during the COVID-19 pandemic, giving businesses additional funds for payroll and other expenses. To further reduce the burden on small businesses, the loans, if used correctly, may be forgiven altogether. “We want to remind our members and others in the marine industry to, if eligible, apply for PPP Loan forgiveness,” said ...