Search results
Paycheck Protection Program PPP Loan Forgiveness Application Form Expiration date: 3508S OMB Control No. 3245-0407 10/31/2020 A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER R ECEIVED A PPP LOAN OF $50,000 OR LESS . A Borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form.
The Paycheck Protection Program ( PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
I will comply, whenever applicable, with the civil rights and other limitations in this form. All loan proceeds will be used only for business-related purposes as specified in the loan application and consistent with the Paycheck Protection Program Rules including the prohibition on using loan proceeds for lobbying activities and expenditures.
Aug 5, 2021 · You’ll still request Forgiveness directly from us because we’re continuing with our simple process and are not participating in the new SBA direct program. Go to SBA.gov/ppp and Treasury.gov for full program details. Please contact our Business Solutions team at 1-866-914-8679 to submit a PPP Forgiveness request or resubmission.
Step 5. Enter the borrower’s total FTE as of the earlier of December 31, 2020, and the date this application is submitted: . If the entry for step 4 is greater than or equal to step 2, enter 1.0 on line 13 of PPP Schedule A; the FTE Reduction Safe Harbor 2 has been satisfied.
Mar 25, 2021 · PPP borrowers that have a 20% or more ownership interest (by vote or value) that held or holds the office of (i) President of the United States, (ii) Vice President of the United States, (iii) head of an Executive Department, (iv) member of the United States Congress, or spouse of any of the referenced offices at the time Borrower’s loan ...
This portal is made available by the US Small Business Administration to streamline forgiveness processing for PPP Borrowers. After registration, you may use this streamlined process to automatically submit your forgiveness request to your lender. The SBA also offers live customer service to borrowers at 877-552-2692. Register to Start Your ...
