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What is form 3508s?
What is a PPP loan forgiveness application form 3508s?
What is SBA form 3508?
What is form 3508ez & how does it work?
PPP Loan Forgiveness Application Form 3508S Revised July 30, 2021. A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $150,000 OR LESS. ☐ First Draw PPP Loan ☐ Second Draw PPP Loan (check one) SBA PPP Loan Number: ________________________ Lender PPP Loan Number: __________________________
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PPP Loan Forgiveness Application Form 3508S. Paycheck Protection Program OMB Control No. 3245-0407. PPP Loan Forgiveness Application Form 3508S Expiration date: 12/31/2023. BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $50,000 OR LESS.
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You (the Borrower) can apply for forgiveness of your Paycheck Protection Program (PPP) loan using this SBA Form 3508S only if the total PPP loan amount you received from your Lender was $50,000 or less.
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SBA Form 3508S only if the loan amount you received from your Lender was $150,000 or less for an individual First or Second Draw PPP Loan. 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).
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What is Form 3508S? There are three forms that borrowers can use when applying for forgiveness. Both Form 3508 and Form 3508EZ require multiple calculations and various supporting documents to show the forgiveness amount you’ve requested. Alternatively, Form 3508S simply asks you to: Provide the amount you spent on payroll
Oct 26, 2020 · SBA Form 3508 is the document PPP loan borrowers must complete to request loan forgiveness. The three versions of the form include a regular Form 3508, Form 3508EZ, and 3508S. The SBA and Treasury released Form 3508 on May 15, 2020. Many business owners and financial advisors shared concerns about its complexity and rigid rules.
