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May 15, 2024 · For other SBA loans, you can continue to set up and manage online payments at Pay.gov. Paycheck Protection Program (PPP) direct forgiveness application portal For Paycheck Protection Program (PPP) borrowers whose lender is participating in direct forgiveness , you can use the direct forgiveness application portal (directforgiveness.sba.gov).
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- SBA PPP Forgiveness::
Register and Apply for PPP Forgiveness. This portal is made...
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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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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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- Who Can Use The 3508Ez form?
- Filling Out Form 3508Ez
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The 3508EZ form is designed for businesses that borrowed more than $150,000 for their first or second draw PPP loan and who meet at least one of the following criteria:
If you plan to use this form to qualify for forgiveness, we recommend you print out the PPP Forgiveness Application Form 3508EZand follow along here. Your lender may use an electronic version of this form but if you have it handy, it won’t hurt to have this information already filled out. First fill out basic information about your business. Unless...
There is a full list of certifications on page two of the application that the borrower will need to initial. We won’t repeat them all here but you should read them carefully and if you have any questions about whether you can answer them affirmatively, talk to your attorney or tax professional.
Certain documentation will have to be included with your forgiveness application. You can find the documentation requirements starting on page 4 of the application form. You must retain required documents for six years after the date the loan is forgiven or repaid in full, and permit authorized representatives of SBA, including representatives of i...
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The only way to apply for forgiveness for a PPP loan from Wells Fargo is through Wells Fargo’s online forgiveness application, outlined above. The Small Business Administration (SBA) PPP Direct Forgiveness Portal cannot be used for Wells Fargo PPP loan forgiveness.
The PPP Direct Forgiveness Portal can be accessed at https://directforgiveness.sba.gov. The Direct Forgiveness Portal allows PPP borrowers to apply for forgiveness directly to the SBA using forms 3508, 3508EZ, or 3508S. Using MS Edge or Google Chrome browsers is recommended for an optimal experience.
