The US Small Business Administration just announce the new PPP Loan Forgiveness Portal.
The link is here: https://directforgiveness.sba.gov. Applications can be submitted starting August 4, 2021. The SBA also announced its Interim Final Rule on PPP forgiveness: PPP Interim Final Rule - COVID Revenue Reduction Score, Direct Borrower Forgiveness Process, and Appeals Deferment (sba.gov)
The Rule states:
To further simplify and streamline the forgiveness process for loans $150,000 or less, SBA is making two changes under this interim final rule. First, for Second Draw PPP Loans of $150,000 or less, where the borrower is required to provide revenue reduction documentation at the time of loan forgiveness, SBA is allowing lenders to use a COVID Revenue Reduction Score developed by SBA's contractor as an optional method to document the borrower's revenue reduction. Second, SBA is making available a direct borrower forgiveness process for lenders that choose to opt-in as an alternative method for processing borrower loan forgiveness applications for all PPP loans of $150,000 or less.