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Form 3508S
- Self-employed individuals can use a simplified forgiveness application called Form 3508S. This form applies to you if your loan amount is $150,000 or less. If your loan was for more than $150,000, you can use Form 3508EZ so long as you did not reduce your FTE headcount or salaries and wages by more than 25%.
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SBA Form 2483 (3/21) 1 ( Paycheck Protection Program Borrower Application Form Revised March 18, 2021 OMB Control No.: 3245-0407 Expiration Date: 9/30/2021 . Check One: DBA or Tradename Sole proprietor Partnership C-Corp S-Corp LLC a. Independent contractor Self-employed individual 501(c)(3) nonprofit
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Mar 30, 2021 · 21 min read. Update March 30, 2021: The President has signed the PPP Extension Act. It gives business owners until May 31, 2021 to apply for PPP loans. One of the more confusing aspects of the Paycheck Protection Program (PPP) is how to apply for a PPP loan if you are self-employed, including if you are a 1099 contractor or gig worker.
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PPP – Loan Forgiveness Application and Instructions – Form 3508 (5/24/2021) PPP – Borrower’s Disclosure of Certain Controlling Interests - Form 3508D (1/19/2021) Loan Forgiveness Application Form (posted 5/15/2020)
May 27, 2021 · Sole proprietors, self-employed workers and independent contractors or side gig workers are also eligible. Publicly traded companies are excluded from the latest PPP round. Some funding is...
Jun 22, 2020 · Self-employed: Applying for PPP loan forgiveness. PPP loan forgiveness is pretty easy for self-employed borrowers with no employees. Owner compensation replacement. Rather than spending on payroll, self-employed individuals get their compensation reimbursed and forgiven without having to spend it on anything.
Apr 27, 2024 · The Small Business Administration (SBA) closed the Paycheck Protection program (PPP) to new applications on May 31, 2021. If you had previously received a PPP and are interested in applying for forgiveness, you can do so online at the SBA PPP Direct Forgiveness Portal . What are Paycheck Protection Program (PPP) Loans?
