We are pleased to have completed our system update to accommodate the new forms released by the SBA for sole proprietors seeking to use Line 7 Gross Income of Schedule C for PPP loan calculation! Our forgiveness portal is also fully updated for accepting streamlined forgiveness applications for loans of $150,000 or less.

Additionally, we have worked with the SBA to implement process improvements for clearing error codes and hold codes that are preventing SBA Approval for many borrowers.

Below are a few updates around these items and some answers to Frequently Asked Questions we are receiving at this stage of the Program: