Grants SBA Updates

Small Businesses must Apply for PPP Forgiveness by March 3rd, 2024

Small Businesses who received a PPP loan from the U.S. Small Business Administration (SBA) for under $100,000 must apply for forgiveness through the PPP Direct Forgiveness Portal Workshop. SBA will begin referring defaulted PPP borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024.

PPP borrowers must take action before March 3, 2024.

The San Joaquin SBDC will be hosting a webinar on Thursday, February 22nd at 12pm, with the SBA who will give step-by-step instructions on accessing and using the PPP Direct Forgiveness Portal. Please use this link to register for this important webinar.

If you need additional assistance with your PPP direct forgiveness application,
contact SBA at 877-552-2692 (Monday-Friday 6am-5pm).