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What Happens if You’re Not Approved for Loan Forgiveness?

Business owners whose PPP forgiveness requests are denied will have the right to appeal certain SBA loan review decisions to the SBA directly. All final forgiveness decisions are at the discretion of the SBA. Your lender is responsible for notifying you of the forgiveness amount paid by SBA and the date on which your first payment will be due, if applicable. If you are concerned about the forgiveness decision which has been issued by the SBA, you may contact the agency directly and reference your lender loan number and SBA loan number.