Mark Cuban and bank CEO launch PPP loan forgiveness website - Business Insider

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The site launches Friday, May 29 at 7 p.m. ET and is free to use

, the Dallas Mavericks owner helped Castilla create a program to give her customers faster access to their stimulus check money, and the two have since stayed in touch.Paycheck Protection Program loans are federal loans for small businesses and nonprofits that are financially struggling during the coronavirus pandemic.

"It started last week where Mark Cuban emailed me and just said we need to figure out a way to automate this application, because right now it's more cumbersome to fill out the PDF than the original PPP loan application," Castilla told Business Insider. "It includes calculators, it has a worksheet so that the salary information can be provided, and basically everything that's asked for in the application," Castilla said. "It's an easy, fillable way for the small business ... or the nonprofit to work through the application online and then have a saveable PDF they could then provide their bank.

 

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