Since the portal’s launch on August 4th, the SBA has received applications for over $17 billion of relief from more than one million of America’s smallest businesses, furthering President Biden’s commitment to equity across the U.S. I encourage those eligible PPP borrowers who have yet to apply to visit SBA.gov or contact their lender today.” “With over one million application submissions, our direct forgiveness portal has already given so many of our smallest businesses the ability to apply for forgiveness quickly and smoothly and move forward with their rebuilding and recovery. Our innovative direct forgiveness portal is helping our PPP borrowers get back to doing what they do best – creating jobs and powering our nation’s economy,” said SBA Administrator Isabella Casillas Guzman.

“We are committed to delivering against the promise of forgiveness for our eligible PPP borrowers. WASHINGTON – The (SBA) reached a major milestone today as its Direct Borrower Forgiveness Portal recorded its one millionth PPP loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or less.

Portal 2 a minuted millions