Small Business Administration Announce PPP Loan Forgiveness

The Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. This will simplify forgiveness for Montana small businesses including many sole proprietors who used PPP funds to survive the pandemic the vast majority of which have loans under $150,000. Applications will be accepted beginning August 4^th.