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SBA Launches PPP Portal, Issues FAQs
- https://www.icba.org/newsroom/blogs/main-street-matters/2020/04/07/sba-launches-ppp-portal-issues-faqs
- The SBA continues encouraging lenders who need assistance to call its Lender Customer Service Line at 833-572-0502, though community bankers who have called that number are reporting mixed results on the agency's assistance.
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SBA issues rule to expedite PPP forgiveness
- https://www.icba.org/newsroom/news-and-articles/2021/07/29/sba-issues-rule-to-expedite-ppp-forgiveness
- Timing: In a news release, the SBA said the new forgiveness platform is targeted to go live on Aug. 4 and lenders may opt in through the SBA PPP Direct Forgiveness Portal. Support: Borrowers that need assistance may call (877) 552-2692, Monday-Friday, 8 a.m. - 8 p.m. (Eastern time). More: The IFR also extends the loan deferment period for PPP ...
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5 Cases NOT To Use The SBA PPP Direct Forgiveness Portal ...
- https://freedomtaxaccounting.com/5-cases-not-to-use-the-sba-ppp-portal/
- Now if you do not know how to find out if your bank is participating in this new SBA portal you basically go let me show you go to the SBA website homepage, you click on PPP then you go to PPP loan forgiveness and you scroll down and here see where it says the list of lenders participating in direct forgiveness.
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SBA PPP Platform
- https://forgiveness.sba.gov/accounts/login/?next=/
- SBA Paycheck Protection Platform The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.
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Paycheck Protection Program
- https://www.sba.gov/ppp
- Paycheck Protection Program Paycheck Protection Program An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. SBA also offers additional COVID-19 relief. First Draw PPP loan
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SBA Scrambles to Solve PPP Processing Problems - Banking ...
- https://www.bankingexchange.com/community-banking/item/8200-sba-scrambles-to-solve-ppp-processing-problems
- The program, aimed at supporting small businesses to pay staff and meet operational costs through the COVID-19 coronavirus pandemic, has been hit with technical issues since it launched last week. Multiple news sources have reported that the SBA has struggled to cope with the huge demand for the support loans.
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PDF SBA Launches PPP Portal, Issues FAQs
- https://www.cbaionline.com/downloads/COVID-19-04072020.pdf
- SBA Launches PPP Portal, Issues FAQs The Small Business Administration today launched its long-awaited portalto facilitate Paycheck Protection Program (PPP) access. The new portal allows non-SBA-certified lenders to: •Create an account on SBA Connect.
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SBA account login and registration portals
- https://www.sba.gov/user/login
- Access your SBA account login for loans, grants, or contracting.
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SBA PPP Direct Forgiveness Portal
- https://directforgiveness.sba.gov/requests/borrower/login/?next=/
- This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender. The SBA also offers live customer service to borrowers at 877-552-2692. Register to Start Your Request
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Local small businesses left in limbo after issues with PPP ...
- https://www.news5cleveland.com/news/continuing-coverage/coronavirus/local-small-businesses-left-in-limbo-after-issues-with-paycheck-protection-program
- Earlier this week, the American Bankers Association send a letter to the SBA and the U.S. Department of the Treasury to outline the issues that applicants have been experiencing while either...
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PPP Forgiveness Issues - Support Center
- https://support.newitymarket.com/knowledge/ppp-forgiveness-issues
- Portal Login Issues & General Support PPP Forgiveness Issues SBA 7 (a) Working Capital Loans Breef Marketing KPMG Spark Mylo Insurance PPP Forgiveness Issues If you have questions regarding the forgiveness process or have issues with your loan forgiveness, search our support article database for answers. I want to repay or paydown my PPP loan
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PPP Loan Forgiveness Update - SBA Website Portal Open ...
- https://www.mars.bank/ppp-loan-forgiveness-update-sba-website-portal-open/
- The website has a support phone number to call should there be issues using the site: (877) 552-2692. Use this phone support for any issues using the website portal. If you have questions about your PPP loan information, please contact your relationship manager with any questions or call 724-625-1555×250.
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PPP: SBA Opens Forgiveness Portal, Issues FAQs - Michigan ...
- https://www.mcul.org/News?article_id=30031
- 2020-08-13 This August, the Small Business Administration has opened its Paycheck Protection Program (PPP) loan forgiveness application portal and issued an FAQ document on loan forgiveness. The PPP closed to applications Aug. 8, and the CUNA/League system continues to support Senate and House bills that would simplify forgiveness.
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SBA PPP portal site crashed, backlog causing frustration ...
- https://fortune.com/2020/04/27/sba-ppp-site-crashed-down-paycheck-protection-program-application-portal-tech-issues-small-business-loans/
- Many banks are saying the new funds will initially go directly to backlogged applications from the first round that were unable to get funded or processed in time.
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SBA PPP loan forgiveness issues cause problems for some ...
- https://www.bizjournals.com/milwaukee/news/2021/09/03/sba-ppp-loan-forgiveness-automatic-portal.html
- Ranking member Rep. Blaine Luetkemeyer, R-Missouri, said in the hearing that reports have shown much of the fraudulent PPP activity occurred in loans under $350,000, and that he did not support...
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SBA Addresses PPP Delays - National Small Business ...
- https://nsba.biz/sba-addresses-ppp-delays/
- The day prior, Monday, Jan. 25, the American Bankers Association (ABA) weighed in with SBA highlighting the issues their members have raised, specifically: The PPP portal was preventing many lenders from uploading borrower applications for second-draw loans if the borrower still has a pending forgiveness application for a first-draw loan with SBA;
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SBA Issues New Forgiveness Guidance Prior to Opening its ...
- https://www.drm.com/resources/sba-issues-new-forgiveness-guidance-prior-to-opening-its-loan-forgiveness-portal/
- DRM • August 10, 2020 Guidance on SBA PPP Loan Forgiveness Portal While the SBA is still preparing for the anticipated August 10 launch of its loan forgiveness portal, earlier this week it released new guidance answering 23 frequently asked questions ("FAQ") regarding the forgiveness of Paycheck Protection Program loans.
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What is the status of my PPP Forgiveness application?
- https://support.newitymarket.com/knowledge/what-is-the-status-of-my-ppp-forgiveness-application
- What is the status of my PPP Forgiveness application? Please review our Forgiveness Application Status Guide and Definitions for step-by-step instructions on (i) how to check your application status and (ii) understand the definitions and timelines associated with each status. If your application has gone beyond the standard SLA provided in this document, please submit a support ticket using ...
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SBA Issues Supplemental PPP Guidance - Pivot CPAs
- https://www.pivotcpas.com/2020/04/16/sba-issues-supplemental-ppp-guidance/
- We encourage you to contact your Pivot CPAs advisor for the latest information. On April 14, the Small Business Administration (SBA) released new guidance regarding the Paycheck Protection Program (PPP), a $350 billion program that targets aid to small businesses dealing with losses resulting from the coronavirus pandemic.
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Small Business Loans PPP Site Crashes On First Day Of ...
- https://www.npr.org/sections/coronavirus-live-updates/2020/04/27/846197794/small-business-loans-site-crashes-on-1st-day-of-reopening
- Small Business Loans PPP Site Crashes On First Day Of Reopening : Coronavirus Updates Bankers tell NPR that the SBA's portal wouldn't allow them to enter the loan application information that is ...
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SBA to Launch PPP Loan Forgiveness Portal | SBC
- https://www.smallbusinesscomputing.com/news/sba-ppp-portal/
- SBA to Launch PPP Loan Forgiveness Portal. The Small Business Administration has good news for PPP loan recipients: a new portal will soon be available for loan forgiveness applications. The portal will serve as an express lane for loan forgiveness decisions and is expected to be available to borrowers as early as August 4.
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American Bankers Association asks SBA to fix 'systemic ...
- https://www.bizjournals.com/houston/news/2021/01/25/sba-ppp-loan-portal-problems-bankers-association.html
- The SBA said Jan. 19 that it processed 60,000 PPP loan applications in the first week of the program — or about $5 billion worth of loans from Jan. 11 to Jan. 17.
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SBA releases PPP guidance as portal reopens - Buckley LLP
- https://buckleyfirm.com/blog/2021-01-19/sba-releases-ppp-guidance-portal-reopens
- Federal Issues SBA CARES Act Covid-19. On January 19, the Small Business Administration's (SBA) Paycheck Protection Program (PPP) loan portal re-opened to all participating lenders (covered by InfoBytes here).To assist lenders, the SBA released an interim final rule, consolidating prior rules related to PPP loan forgiveness and incorporating changes made by the Economic Aid Act.
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Sba Issues Guidance on Ppp Loan Forgiveness ... - Sax Llp
- https://www.saxllp.com/sba-issues-guidance-on-ppp-loan-forgiveness-calculations/
- SBA ISSUES GUIDANCE ON PPP LOAN FORGIVENESS CALCULATIONS. On August 24, 2020, the Small Business Administration (SBA) issued additional and long awaited guidance clarifying a few of the many open issues that relate to the Paycheck Protection Program (PPP) loan forgiveness calculations. The topics addressed in the new Interim Final Rule (IFR ...
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Spanberger, Horn urging Treasury, SBA to fix PPP issues
- https://augustafreepress.com/spanberger-horn-urging-treasury-sba-to-fix-ppp-issues/
- In a letter sent to U.S. Treasury Secretary Steven Mnuchin and U.S. SBA Administrator Jovita Carranza, Spanberger and Horn expressed their concerns about the PPP's shaky rollout and its...
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SBA Issues Update on PPP Loan Necessity Questionnaire - AGMA
- https://agma.glass/news/sba-issues-update-on-ppp-loan-necessity-questionnaire/
- SBA Issues Update on PPP Loan Necessity Questionnaire. On Wednesday, December 9, the SBA updated its Frequently Asked Questions document for PPP lenders and borrowers with FAQ #53, which addresses the Loan Necessity Questionnaire we first told you about several weeks ago. As a refresher, on October 26, 2020, the SBA issued a notice seeking ...
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