PPP Direct Forgiveness Application Portal

Last week the Small Business Administration notified banks that the agency has setup and is in the process of testing its own online, consumer-facing PPP Loan forgiveness portal. Rather than forcing borrowers to apply for forgiveness through banks, the SBA forgiveness portal will accept applications from small borrowers with PPP loans of $150,000 or less directly in a format that officials estimate will take businesses just a few minutes to go through. Banks have to alert the SBA that they want to “opt-in” and allow their PPP loan borrowers to use the SBA PPP loan forgiveness portal. If a bank does not opt-in to utilize the portal, then borrowers with PPP loans from that bank need to go directly to that bank and follow the banks process to get their PPP loan forgiven. 

The PPP Direct Forgiveness Application portal is open starting Wednesday, August 4th. As of August 2nd, the SBA has identified over 26,000 borrowers in Wisconsin whose lenders have opted into the direct forgiveness portal. We were told that as of August 1st, about 25 Wisconsin banks and credit unions have opted in. These have been mostly small banks and credit unions. We expect the list will grow quickly with more banks opting in. While the SBA provides a list of the banks that have opted in on its website at the link below, as of August 3rd, the link just lists bank names and no other information as to the state or location of the bank.

There is no need to “rush” to use the portal as the SBA PPP Direct Forgiveness Portal will remain open for as long as needed until the PPP loan forgiveness period expires some time next year. You can apply for both First Draw and Second Draw PPP loan forgiveness through the portal as long as your lender has “opted in”.

Other Links to PPP Direct Forgiveness Portal Info-

Link to PPP Loan Forgiveness Process details:

Link to Banks that Have Opted In to participate:

Link to the SBA direct forgiveness knowledge base that is continually updated:

Borrower FAQs on Direct Forgiveness – SBA Forgiveness (

Link to the SBA PPP Loan Direct Forgiveness Portal:


“I was born and raised in Ladysmith, Wisconsin. After high school, I took off, went to college in the Twin Cities, and traveled to many parts of the world like Tanzania, Ecuador, Mexico, the UK, and several US states. I moved to a small beach town in Florida for awhile after college but somehow found myself thinking about my hometown. After exploring parts of the world, I moved back to Ladysmith and found peace in the comfort and familiarity. It’s awesome being back home and seeing people from different generations come together and work towards making our small town a great place to live. I love going to local businesses and seeing many people I know, the live music opportunities at several of the local establishments, and the plethora of outdoor activities in nature. You can always venture out and explore the world, but there’s just something about that friendly small town vibe that keeps bringing me back home.”

McKenzie Morgan
Rusk County Resident

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