SBA Outlines New PPP Forgiveness Review Process

 – February 1, 2022
SBA Outlines New PPP Forgiveness Review Process

The U.S. Small Business Administration (SBA) has issued Notice 5000-827666 that outlines a new process being implemented by the SBA to allow Paycheck Protection Program (PPP) borrowers to request an SBA loan review of partial approval forgiveness decisions issued by their PPP Lenders. 

The procedures in this notice apply to loan forgiveness decisions submitted by lenders to the SBA through both the regular forgiveness process as well as the Direct Borrower Forgiveness process.