Paycheck Protection Program (PPP) Forgiveness Information
PPP forgiveness updates
2021 PPP borrowers:
Loans $150,000 and under: You may now apply on the SBA Direct Forgiveness Portal. Customer service for this portal is available through SBA at 1-877-552-2692.
Loans more than $150,000: The application is not yet available. We anticipate starting the forgiveness process in October 2021.
2020 PPP borrowers: All forgiveness applications have been sent. If you did not receive your forgiveness application, please email [email protected].
When will my PPP loan be forgiven?
Please note that per SBA legislation, Pursuit can take up to 60 days to review your PPP forgiveness application. After we review your application and submit it to SBA, SBA has up to 90 days to approve it.
Remember: for all PPP borrowers, no payments are due on your PPP loan until after forgiveness has been determined. You will not incur additional expenses as you wait for your loan to be forgiven.
Thank you for your patience. We recognize that it continues to be a difficult time for small businesses and we are working hard to support you.
PPP Forgiveness Resource Center
Frequently Asked Questions
- Forgiveness guide for loans under $150,000
- Forgiveness guide for loans above $150,000
- SBA Direct Forgiveness Portal guide
PPP general information
Please note that Pursuit is not able to provide in-depth business advice on loan forgiveness. We recommend that you speak with your accountant, business advisor, or seek assistance from a local Small Business Development Center.
Be aware that there is no need to pay a third party “expert” to maximize PPP forgiveness!