The U.S. Small Business Administration has set Aug. 10 for the opening of an online Payroll Protection Program loan forgiveness platform. The system will allow lenders to submit applications for PPP loan forgiveness and more.
The dedicated platform is planned to provide a focused approach for the expected surge of applications from small businesses. Only PPP lenders will be able to access the platform where they will also be able to access documentation, monitor forgiveness requests and interact with the SBA.
Registered lenders will receive an email announcing the program and providing access information.