Paycheck Protection Program (PPP) Forgiveness Information

Thank you for choosing Pursuit for your PPP loan. Here, you can find the most up-to-date information on PPP loan forgiveness. If you have questions that are not answered here or in our FAQ, please email [email protected].

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 guides

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!