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    • Five years

      • Borrowers can apply for forgiveness any time up to five years from the date that SBA issued the SBA loan number. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.
      www.sba.gov › funding-programs › loans

      PPP loan forgiveness | U.S. Small Business Administration

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  3. www.sba.gov › ppp-loan-forgivenessPPP loan forgiveness | U.S. Small Business Administration

    Learn how to apply for Paycheck Protection Program (PPP) loan forgiveness through SBA's direct portal or your lender. Find out the eligibility requirements, documentation, deadlines, and resources for different loan sizes and scenarios.

  4. www.sba.gov › sites › defaultFrequently Asked Questions (FAQs) on PPP Loan Forgiveness

    The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing this guidance to address borrower and lender questions concerning forgiveness of Paycheck Protection Program (PPP) loans, as provided for under section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as amended ...

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  5. www.sba.gov › article › 2021SBA Announces Opening of Paycheck Protection Program Direct ...

    Jul 28, 2021 · The SBA is simplifying the forgiveness process for millions of smallest businesses that used PPP loans to survive the pandemic. Borrowers can apply through the portal starting from August 4, 2021, and lenders can opt-in to participate.

  6. www.sba.gov › sites › defaultPPP Loan Forgiveness Application Form 3508S Revised July 30, 2021

    If you are not eligible to use this form, you must apply for forgiveness of your PPP loan using SBA Form 3508 or 3508EZ (or lender’s equivalent form). Each PPP loan must use a separate loan forgiveness application form.

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  7. www.sba.gov › funding-programs › loansPaycheck Protection Program | U.S. Small Business Administration

    Learn about the SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. Find out how to apply for PPP loan forgiveness, get information for lenders, and access data and reports.

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  9. home.treasury.gov › news › press-releasesSBA and Treasury Announce Simpler PPP Forgiveness for Loans ...

    Oct 9, 2020 · Learn how to apply for loan forgiveness if you received a PPP loan of $50,000 or less. The new form and process are designed to save time and money for borrowers and lenders.

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