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Mar 13, 2024 · How to apply for forgiveness. Each forgiveness form has unique instructions for documentation that must be submitted with your loan forgiveness application. For detailed instructions, refer to your chosen forgiveness form for clear guidance. For loans of $150,000 and below: SBA form 3508S PPP Loan Forgiveness Application + Instructions.
- SBA Direct Forgiveness Portal
This portal is made available by the US Small Business...
- SBA Form 3508S
A borrower may use this form only if the borrower received a...
- Sign In
Sign in. Username Password. Remember Me
- First Draw PPP Loan
PPP is a loan designed to provide a direct incentive for...
- Get Help With Your PPP Loan
SBA has 68 District Offices around the country that provide...
- PPP Lender Information
On February 22, 2021, President Biden announced the...
- PPP Lenders Participating in Direct Forgiveness
Make a payment to SBA; 7(a) loans; 504 loans; Microloans;...
- SBA Direct Forgiveness Portal
Line 7: Enter the number from PPP Schedule A, line 13. Line 8: Enter the amount on line 6 multiplied by the amount on line 7. This calculation incorporates the loan forgiveness reduction required for any full-time equivalency (FTE) employee reductions as described in PPP Schedule A. Line 9: Enter the PPP Loan Amount. Line 10:
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If your loan amount is $150,000 or less, please use SBA Form 3508S. Do not submit this Checklist with your SBA Form 3508EZ. Each PPP loan must use a separate loan forgiveness application form. You cannot use one form to apply for forgiveness of both a First Draw PPP Loan and a Second Draw PPP loan.
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Loan Forgiveness Application Form 3508 Revised July 30, 2021. OMB Control No.: 3245-0407 Expiration Date: 01/31/2022. Paperwork Reduction Act – You are not required to respond to this collection of information unless it displays a currently valid OMB Control Number.
PPP – Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less – Form 3508S (7/30/2021) PPP – Loan Forgiveness Application and Instructions – Form 3508EZ (7/30/2021) PPP – Loan Forgiveness Application and Instructions – Form 3508 (7/30/2021)
Instructions for PPP Loan Forgiveness Calculation Form 3508EZ. Business Legal Name (“Borrower”)/DBA or Tradename (if applicable)/Business TIN (EIN, SSN): Enter the same information as on your Borrower Application Form (SBA Form 2483 or lender’s equivalent). Business Address/Business Phone/Primary Contact/E-mail Address: Enter the same ...
Final Rule on Affiliation. A borrower must certify on the Borrower Application Form that the borrower is eligible to receive a PPP loan, and that certification means that the borrower is a small business concern as defined in section 3 of the Small Business Act (15 U.S.C. 632), meets the applicable SBA employee-based or revenue-based size
