How 2021 Borrowers Seek SBA Loan Forgiveness Under PPP



More and more small business owners who took out loans under the Small Business Administration’s Payroll Protection Program in 2021 ask for forgiveness – and the vast majority receive them in full.

So far, about 1.27 million small businesses have applied for 2021 loan forgiveness, which is about 20% of the 6.35 million loans issued earlier in 2021. according to SBA as of August 15… That’s more than 860,856 forgiveness for small business owners. filed as of July 30 – or about 14% of all loans in 2021.

According to the SBA, 17% of 2021 PPP loans have already been fully or partially written off, with the SBA paying $ 35.1 billion in forgiven payments, or about 13% of the total loans of $ 271 billion.

Read the full story at’s sister site, Cleveland Business Journal.

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