Once I submit my forgiveness application, how long will it take to learn if my loan was forgiven?
  • We will let you know when it’s your turn to apply for forgiveness. Once MoFi receives your complete forgiveness application, we have 60 days to review and process it.
  • Once we approve the application internally, we will submit it to the Small Business Administration (SBA).
  • After receiving your application from MoFi, the SBA has 90 days to review it.
  • We will contact you once your loan has been forgiven.