Our team continues to process loan forgiveness applications for Paycheck Protection Program (PPP) loans. The Small Business Administration (SBA) is also accepting direct forgiveness applications through their Direct Forgiveness Portal!

Failure to apply for forgiveness and not repay your loan in a timely manner may result in non-forgivable fees and additional collection measures, potentially jeopardizing the financial health of your business.

If your 2021 PPP loan was $150,000 or less, you may qualify for a simplified forgiveness process using PPP Loan Forgiveness Application Form 3508S.

If you do not qualify for Form 3508S, you can work with our team to complete your PPP forgiveness application quickly and securely or with the SBA through the Direct Forgiveness Portal. You can prepare by having relevant loan details and supporting documents ready to upload.

The Small Business Administration has developed a suite of resources, including instructional videos and a Frequently Asked Questions guide, to help borrowers navigate the forgiveness process.

Feel free to contact our PPP Forgiveness Team directly at PPPForgiveness@LibertySBF.com with any additional questions.