SBA issues notice outlining a new process being implemented to allow Paycheck Protection Program (PPP) borrowers to request an SBA loan review of partial approval forgiveness decisions issued by their PPP Lenders.

When a PPP borrower sent a forgiveness application to his Lender, the Lender must review the application and submit a forgiveness decision to SBA within 60 days of receipt of the forgiveness application.

SBA received inquiries from borrowers for two particular reasons. (1) their Lender issued a partial approval decision to SBA on the borrower’s loan forgiveness application, or (2) their Lender required the borrower to apply for forgiveness in an amount less than the full amount of the PPP loan. Which made the agency decide to allow the borrower to request an SBA loan review of their loan through their Lender.

If you haven’t taken advantage of the PPP loan forgiveness or the Employee Retention Credit and would like to see if you qualify, complete this form.

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