Paycheck Protection Program (PPP) borrowers are reminded to apply for forgiveness within 10 months after the last day of the covered period. A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. More information is available from the U.S. Small Business Administration.

Visit the SBA PPP Direct Forgiveness Portal to apply. This portal is made available by the U.S. Small Business Administration to streamline forgiveness processing for PPP Borrowers. The SBA also offers live customer service to borrowers at 877-552-2692.

The Vermont Chamber and other business organizations tirelessly advocated to prevent the Legislature from taxing 2021 PPP loans. Learn more about our advocacy here and find staff contacts here.