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New portal will allow small businesses to apply directly for PPP loan forgiveness By Sarah Ewall-Wice Black-owned businesses face obstacles Millions of small businesses could soon see a simplified loan forgiveness application process after receiving funds to keep paying workers and stay afloat amid the COVID pandemic. The Small Business Administration announced Wednesday that it s launching a new portal for small businesses to apply directly for Paycheck Protection Program loan forgiveness through the agency. This comes as only about half of the $800 billion in so-called PPP distributed amid the pandemic has been forgiven so far.  The direct portal, which will open for applications starting August 4, will be available for businesses that had PPP loans of $150,000 or less. Previously, businesses were only able to apply for PPP forgiveness through their lender.

Isabel guzmanPatrick kelleyPandemic response accountability committeeOffice of capital accessGoldman sachsPaycheck protection programSmall business administrationMain streetsஇசபெல் குஸ்மான்பேட்ரிக் கெலீசர்வதேச பரவல் பதில் பொறுப்பு குழுஅலுவலகம் ஆஃப் மூலதனம் நுழைவுகோல்ட்மேன் சாக்ஸ்சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம்பிரதான தெருக்களில்