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      • Borrowers qualify for loan forgiveness if they use at least 60% of the funds for payroll costs between 8 and 24 weeks after the loan disbursement date. A loan forgiveness application must be submitted before the maturity date of the loan, which is either two or five years from the date the loan originated.
      www.pandemicoversight.gov › media › file

      PPP Loan Forgiveness: Million Loans Worth 85 million

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  3. www.investopedia.com › paycheck-protection-programPaycheck Protection Program (PPP) Loan Forgiveness ...

    Jul 20, 2023 · If your business received a PPP loan before the program ended on May 31, 2021, you can apply for PPP loan forgiveness until the date when your loan matures, which is two years for loans...

  4. www.sba.gov › sites › defaultPPP Loan Forgiveness Application Form 3508EZ Revised July 30 ...

    You (the Borrower) can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508EZ if your PPP loan amount is more than $150,000 and you can check at least one of the two boxes below.

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  5. www.sba.gov › sites › defaultPaycheck Protection Program: Loan Forgiveness Application ...

    To apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) loan, you (the Borrower) may use the Form 3508EZ or the Form 3508S application or complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan).

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  6. www.fincen.gov › sites › defaultPaycheck Protection Program Frequently Asked Questions (FAQs)

    The Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, has been issuing FAQs1 regarding implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).

  7. www.sba.gov › article › 2021In Less Than Two Weeks, Paycheck Protection Program Direct ...

    Aug 18, 2021 · Through this simpler process, SBA proactively reaches out to borrowers and provides a pre-populated forgiveness form to the borrower that they can complete in the new direct forgiveness portal. Borrowers can submit using a computer or smartphone.

  8. www.pandemicoversight.gov › media › filePPP Loan Forgiveness: Million Loans Worth 85 million

    PPP Loan Forgiveness: 10.2 Million Loans Worth $742 Billion Forgiven. The Paycheck Protection Program (PPP) has loaned $793 billion to 11.5 million small businesses to help them keep their workforce employed during the pandemic.

  9. home.treasury.gov › system › filesPaycheck Protection Program: PPP Loan Forgiveness Application ...

    You (the Borrower) can apply for forgiveness of your First or Second Draw Paycheck Protection Program (PPP) Loan using this SBA Form 3508S only if the loan amount you received from your Lender was $150,000 or less for an individual First or Second

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