BREAKING NEWS — SBA Announces PPP Forgiveness Guidelines 

July 23, 2020

By Caity Witucki
Contributing Editor

BREAKING NEWS — SBA Announces PPP Forgiveness Guidelines 

According to an SBA Procedural Notice released today, the PPP Forgiveness Platform will go live and begin accepting lender submissions on August 10, 2020. Lenders may utilize the PPP Forgiveness Platform to accept loan forgiveness decisions, supporting documentation, and requests for forgiveness payments. 

All PPP Lender Authorizing Officials (AOs) currently in the CAFS/ETRAN system will receive a welcome email from SBA with instructions on how to access this new platform. 

Additional guidance on how to process and submit PPP forgiveness applications, including step-by-step instructions, will be available in Coleman’s New PPP Forgiveness webinar.

Sources:
SBA Procedural Notice 5000-20038